Guideline Value for Senthurpuram

Senthurpuram guideline value

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

How the guideline value of Senthurpuram has changed

Since the 2003 revision, the guideline value for Senthurpuram has seen significant changes. The 2003 figure was Rs 205 per sq.ft, which increased to Rs 705 per sq.ft in 2007, marking a 244% increase. The value then rose to Rs 3,600 per sq.ft in 2012, which represented a 411% increase from the previous revision. However, it dropped to Rs 2,412 per sq.ft in 2017, indicating a decrease of 33%. The current value of Rs 3,960 per sq.ft reflects a 49% increase from the 2023 revision, which was Rs 3,600 per sq.ft.

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 1832%.

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 is above this median.

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

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 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 calculate your own fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthurpuram?

Senthurpuram falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kattupakkam. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the government receives its due revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark for the transaction value. It is essential for both buyers and sellers to be aware of this value to ensure compliance with local regulations and to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Senthurpuram?

The current guideline value of Senthurpuram 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, increasing from Rs 205 per sq.ft in 2003 to Rs 3,960 per sq.ft in 2024, which is an overall increase of 1832%.

What are the stamp duty and registration fees for property in Senthurpuram?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 39,60,000. The stamp duty would be Rs 2,77,200 and the registration fee would be Rs 79,200, totaling Rs 3,56,400.

Which office handles registrations for Senthurpuram?

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

What is the land classification of Senthurpuram?

Senthurpuram is classified as Commercial Class I Type - II, which indicates its zoning for commercial use.