Guideline Value for Senthuran Colony

Senthuran Colony guideline value

The current guideline value of Senthuran Colony, located in Porunthavakkam village, is Rs 3,300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Senthuran Colony has changed

The guideline value for Senthuran Colony has seen significant changes over the years. In 2003, the value was Rs 366 per sq.ft, which increased to Rs 700 per sq.ft in 2007, marking a rise of 91%. The value then jumped to Rs 3,000 per sq.ft in 2012, a substantial increase of 329%. However, it decreased to Rs 2,010 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the guideline value at Rs 3,300 per sq.ft, an increase of 10% from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 802%.

Guideline values in Porunthavakkam

In Porunthavakkam, there are 23 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,760 to Rs 4,950 per sq.ft. The median value is Rs 2,420 per sq.ft, and Senthuran Colony's 2024 figure is above this median.

• Sathsangam Street: Rs 2,420 per sq.ft (2024)
• Saraswathi Street: Rs 1,760 per sq.ft (2024)
• Sankaran Street: Rs 2,750 per sq.ft (2024)
• Sabari Salai: Rs 3,300 per sq.ft (2024)
• Park Square Street: Rs 1,760 per sq.ft (2024)
• Nehru Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Senthuran Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthuran Colony?

The Sub Registrar Office that covers Senthuran Colony is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Porunthavakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a fair price, reflecting the current market conditions as set by the Registration Department. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Senthuran Colony?

The current guideline value of Senthuran Colony is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 366 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, showing significant growth over the years.

What is the median guideline value in Porunthavakkam?

The median guideline value in Porunthavakkam is Rs 2,420 per sq.ft as of the 2024 revision.

What are the stamp duty and registration fees for a property in Senthuran Colony?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Senthuran Colony located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.