Guideline Value for Senthurpuram Annex

Senthurpuram Annex guideline value

The current guideline value of Senthurpuram Annex is Rs 3,960 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village, falling under the Kunrathur Sub Registrar Office (SRO). The land classification for this region is Commercial Class I Type - II.

How the guideline value of Senthurpuram Annex has changed

Over the years, the guideline value of Senthurpuram Annex has seen significant changes. The earliest recorded figure is from 2003, where the guideline value was Rs 205 per sq.ft. This value increased to Rs 705 per sq.ft in 2007, marking a rise of 244%. Following this, the value surged to Rs 3,600 per sq.ft in 2012, reflecting a substantial increase of 411%. However, it then decreased to Rs 2,412 per sq.ft in 2017, which was a decline of 33%. The value then rose sharply to Rs 3,600 per sq.ft in 2023, and subsequently to Rs 3,960 per sq.ft in 2024, showing an increase of 10% between these two revisions.

Overall, from 2003 to 2024, the guideline value has increased by 1832%. The register does not contain any figure for the year 2002 for this street.

Guideline values in Kattupakkam

Kattupakkam village has 75 streets under the Kunrathur SRO, with guideline values for 2024 ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value for the village is Rs 2,090 per sq.ft, placing Senthurpuram Annex's 2024 figure above this median.

• Senthurpuram Extension: Rs 3,960 per sq.ft (2024)
• Senthurpuram: Rs 3,960 per sq.ft (2024)
• Senthurpuram Extension II: Rs 3,960 per sq.ft (2024)
• Sri Arul Avenue: Rs 2,090 per sq.ft (2024)
• Saminathan Nagar: Rs 3,960 per sq.ft (2024)
• Sri Devi Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Senthurpuram Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, while the registration fee at 2% would be Rs 79,200. The total cost for these fees would be Rs 3,56,400. It is important to note that 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 Senthurpuram Annex?

Senthurpuram Annex falls under 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 Kattupakkam

The guideline value plays a crucial role during the registration of property transactions in Kattupakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial obligations associated with property transactions. The guideline value can influence the total cost of purchasing property, making it a vital consideration for anyone involved in real estate in the area.

Frequently asked questions

What is the current guideline value of Senthurpuram Annex?

The current guideline value of Senthurpuram Annex is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 205 per sq.ft in 2003 to Rs 3,960 per sq.ft in 2024, marking an overall increase of 1832% over this period.

What is the stamp duty for property in Senthurpuram Annex?

The stamp duty for property in Senthurpuram Annex is calculated at 7% of the guideline value. For a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200.

Where is the Kunrathur Sub Registrar Office located?

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

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that these costs are calculated based on a standardized value set by the government, impacting the overall financial obligations for buyers and sellers.