Guideline Value for Senthil Nagar Main Road

Senthil Nagar Main Road guideline value

The current guideline value of Senthil Nagar 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 Main Road has changed

The guideline value for Senthil Nagar Main Road has undergone several revisions over the years. In 2002, the value was Rs 341 per sq.ft, which increased to Rs 378 per sq.ft in 2003, marking an 11% rise. The value then saw a significant increase to Rs 750 per sq.ft in 2007, representing a 98% change. Following this, the value jumped to Rs 3,200 per sq.ft in 2012, reflecting a substantial increase of 327%. However, in 2017, the value decreased to Rs 2,144 per sq.ft, which was a decline of 33%. The value rose again to Rs 3,200 per sq.ft in 2023 and finally reached Rs 3,520 per sq.ft in 2024, marking a 10% increase from the previous year. There are no figures available for the revisions between these years 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, with a median value of Rs 3,960 per sq.ft. The guideline value for Senthil Nagar Main Road is below this median.

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

Stamp duty and registration fee for property in Senthil Nagar 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, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Senthil Nagar Main Road?

The Sub Registrar Office that covers Senthil Nagar 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 information.

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

The guideline value is a crucial factor in the registration of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value may influence the final sale price and the associated costs for registration.

When purchasing property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory charges during the registration process. Understanding the guideline value helps in budgeting for these expenses and ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Senthil Nagar 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 341 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, showing an overall increase of 932% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Senthil Nagar Main Road?

Senthil Nagar Main Road is classified as Residential Special Type - II, which is important for understanding the zoning regulations applicable to the area.