Guideline Value for Senthil Nagar IInd Main Road

Senthil Nagar IInd Main Road guideline value

The current guideline value of Senthil Nagar IInd Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This road is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Senthil Nagar IInd Main Road has changed

The guideline value for Senthil Nagar IInd Main Road has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 3,200 per sq.ft. This figure decreased to Rs 2,144 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,200 per sq.ft in 2023, and then rose again to Rs 3,520 per sq.ft in the 2024 revision, marking a change of +10% from the previous year.

From 2012 to 2017, there was a decrease of -33%, but the overall change from 2012 to 2024 shows an increase of +10%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Senthil Nagar IInd Main Road's 2024 figure below this median.

• Senthil Nagar IInd Cross Street: Rs 3,520 per sq.ft (2024)
• Senthil Nagar Ivth Cross Street: Rs 3,520 per sq.ft (2024)
• Senthil Nagar IIIrd Cross Street: Rs 3,520 per sq.ft (2024)
• Senthil Nagar Main Road: Rs 3,520 per sq.ft (2024)
• Senthil Nagar Main Road Lane: Rs 3,520 per sq.ft (2024)
• Senthil Nagar Annexe Vth Cross Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar IInd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. Together, these fees would total Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar IInd Main Road?

The Sub Registrar Office that covers Senthil Nagar IInd Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Porur

The guideline value plays a crucial role in the registration process of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar IInd Main Road?

The current guideline value of Senthil Nagar IInd Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, marking a +10% increase. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012.

What is the land classification for Senthil Nagar IInd Main Road?

Senthil Nagar IInd Main Road is classified as Residential Special Type - II.

Where can I find the registration office for this area?

The registration office for Senthil Nagar IInd Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 35,20,000, leading to a stamp duty of Rs 2,46,400 and a registration fee of Rs 70,400.