Guideline Value

Corporate

Guideline Value for Senthil Nagar

₹3520/sq.ft.

The guideline value for Senthil Nagar in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1706 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹378 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹341 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Senthil Nagar guideline value

The current guideline value of Senthil Nagar, located in Porur village under the Kunrathur SRO, is Rs 3,520 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Senthil Nagar has changed

The guideline value for Senthil Nagar has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 341 per sq.ft. This increased to Rs 378 per sq.ft in 2003, marking an 11% rise. The value then experienced a significant increase of 351% to reach Rs 1,706 per sq.ft in 2007. Following that, the value rose by 88% to Rs 3,200 per sq.ft in 2012. However, there was a decrease of 33% in 2017, bringing the value down to Rs 2,144 per sq.ft. The value then increased by 49% to Rs 3,200 per sq.ft in 2023, and finally, it rose by 10% to reach the current value of Rs 3,520 per sq.ft in 2024.

There are no figures available for the revisions between 2012 and 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by 932%.

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 is below this median.

Stamp duty and registration fee for property in Senthil Nagar

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, the total cost for these fees would be Rs 3,16,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar?

The Sub Registrar Office that covers Senthil Nagar 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 plays a crucial role in the registration process when buying or selling property in Porur. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Senthil Nagar?

The current guideline value of Senthil Nagar 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, reflecting a significant increase of 932% over the years.

What is the land classification for Senthil Nagar?

The land classification for Senthil Nagar is Residential Special Type - II.

What are the stamp duty and registration fees for a property in Senthil Nagar?

For a 1,000 sq.ft property at the current guideline value, the total 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 Sub Registrar Office for Senthil Nagar located?

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