Guideline Value for Senthil Nagar School Street

Senthil Nagar School Street guideline value

The current guideline value of Senthil Nagar School Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO, with a land classification of Residential Special Type - II.

How the guideline value of Senthil Nagar School Street has changed

The guideline value for Senthil Nagar School Street has seen 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 increase of 11%. The value further rose to Rs 750 per sq.ft in 2007, reflecting a significant increase of 98%. However, from 2007 to 2012, the guideline value decreased to Rs 3,200 per sq.ft, a drop of 33%. In 2017, the value was revised to Rs 2,144 per sq.ft, which was a decrease from the previous figure. The guideline value then increased to Rs 3,200 per sq.ft in 2023, before rising to the current value of Rs 3,520 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 932%. There are no figures available for the revisions in years not mentioned in the register.

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 School Street is below this median.

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

Stamp duty and registration fee for property in Senthil Nagar School Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. The duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Senthil Nagar School Street?

The Sub Registrar Office that covers Senthil Nagar School Street 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 an essential factor in the registration process when buying or selling property in Porur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable to the government.

When a property is sold, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar School Street?

The current guideline value of Senthil Nagar School Street 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 increased from Rs 341 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, showing an overall increase of 932% across the revisions.

What are the stamp duty rates for property transactions in Senthil Nagar School Street?

The stamp duty for property transactions in Senthil Nagar School Street is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Senthil Nagar School Street?

The Sub Registrar Office for Senthil Nagar School Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Senthil Nagar School Street?

The land classification for Senthil Nagar School Street is Residential Special Type - II, indicating its suitability for residential development.