Guideline Value for Senthurpuram Extension

Senthurpuram Extension guideline value

The current guideline value of Senthurpuram Extension is Rs 3,960 per sq.ft, effective from 1 July 2024. This property is located in Kattupakkam village, under the jurisdiction of the Kunrathur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Senthurpuram Extension has changed

The guideline value for Senthurpuram Extension has undergone several revisions over the years. In 2003, the guideline value was Rs 205 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. This was followed by a substantial jump to Rs 3,600 per sq.ft in 2012, but it then decreased to Rs 2,412 per sq.ft in 2017. The value rose again to Rs 3,600 per sq.ft in 2023, and currently stands at Rs 3,960 per sq.ft as of the 2024 revision.

Notably, the changes between revisions have varied. From 2003 to 2007, the value increased by 193%, while from 2007 to 2012, it saw a decrease of 33%. The value then rose by 49% from 2017 to 2023, and has increased by 10% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 1832%. The register has no figure for the year 2002 for this street.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value for Senthurpuram Extension is above this median.

• Senthurpuram Annex: Rs 3,960 per sq.ft (2024)
• Senthurpuram Extension II: Rs 3,960 per sq.ft (2024)
• Senthurpuram: 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 Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total cost for these fees to Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for a detailed breakdown.

Which Sub Registrar Office covers Senthurpuram Extension?

The Sub Registrar Office that covers Senthurpuram Extension 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 Kattupakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Kattupakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the Registration Department.

When a property is sold, the guideline value is checked alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Senthurpuram Extension?

The current guideline value of Senthurpuram Extension 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, rising from Rs 205 per sq.ft in 2003 to Rs 3,960 per sq.ft in 2024, marking an overall increase of 1832% over the years.

What is the land classification for Senthurpuram Extension?

Senthurpuram Extension is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 3,56,400 in fees.

Which office handles property registrations in Kattupakkam?

The Kunrathur Sub Registrar Office handles property registrations in Kattupakkam, located at No.59, Road Street, Kundrathur, Chennai -600 069.