Guideline Value for Senthurpuram

Senthurpuram guideline value

The current guideline value of Senthurpuram is Rs 1,830 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur SRO and is classified as Residential Class I Type - II.

How the guideline value of Senthurpuram has changed

Over the years, the guideline value of Senthurpuram has seen significant changes. The 2017 revision recorded a value of Rs 1,107 per sq.ft, which increased to Rs 1,653 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision shows a further increase to Rs 1,830 per sq.ft, reflecting an 11% rise from the previous year.

In summary, from the 2017 revision to the 2024 revision, the guideline value has increased by a total of 65%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Senthurpuram's 2024 figure below that median.

• Senthamizh Nagar Phase III: Rs 2,200 per sq.ft (2024)
• Senthamizh Nagar: Rs 2,200 per sq.ft (2024)
• Shanmuganandha koil Street: Rs 2,200 per sq.ft (2024)
• Shanthi Nagar Bathrimedu: Rs 1,540 per sq.ft (2024)
• Shanthi Nagar Vannier Pattu: Rs 1,540 per sq.ft (2024)
• Selvaganapathy Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Senthurpuram

For a 1,000 sq.ft plot at the current rate of Rs 1,830 per sq.ft, the guideline value amounts to Rs 18,30,000. The stamp duty at 7% would be Rs 1,28,100, and the registration fee at 2% would be Rs 36,600, bringing the total to Rs 1,64,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthurpuram?

Senthurpuram is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role during the registration of property transactions in Mangadu -A. It is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the officially recognized value of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and fairness in the transaction process.

Frequently asked questions

What is the current guideline value of Senthurpuram?

The current guideline value of Senthurpuram is Rs 1,830 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,107 per sq.ft to Rs 1,830 per sq.ft in 2024, marking a total increase of 65% over this period.

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

For a property valued at Rs 18,30,000, the stamp duty would be Rs 1,28,100 and the registration fee would be Rs 36,600, totaling Rs 1,64,700.

Which office handles property registrations in Senthurpuram?

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

How does the guideline value affect property transactions?

The guideline value is essential for calculating stamp duty and registration fees during property transactions. It ensures that the property is registered at a recognized value, providing clarity and transparency in the buying and selling process.