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Guideline Value

Corporate

Guideline Value for Artisan Shanmugam Road (Shanmunga Mudaliar Street)

₹1400/sq.ft.

The guideline value for Artisan Shanmugam Road (shanmunga Mudaliar Street) in Chinna Sembaram Bakkam village (Sembiam SRO, Chennai zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chinna Sembaram Bakkam

Village

Sembiam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Artisan Shanmugam Road (shanmunga Mudaliar Street)

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Artisan Shanmugam Road (Shanmunga Mudaliar Street) guideline value

The current guideline value of Artisan Shanmugam Road (Shanmunga Mudaliar Street) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Chinna Sembaram Bakkam village and falls under the Sembiam Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Artisan Shanmugam Road (Shanmunga Mudaliar Street) has changed

The guideline value for Artisan Shanmugam Road (Shanmunga Mudaliar Street) has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 117%. However, the value dropped to Rs 871 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The 2023 revision brought the value back up to Rs 1,300 per sq.ft, and the latest revision in 2024 has increased it to Rs 1,400 per sq.ft, an 8% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 133%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Chinna Sembaram Bakkam

In Chinna Sembaram Bakkam, there are 37 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 2,700 per sq.ft. The median value is Rs 1,400 per sq.ft, which is equal to the current guideline value of Artisan Shanmugam Road (Shanmunga Mudaliar Street).

Stamp duty and registration fee for property in Artisan Shanmugam Road (Shanmunga Mudaliar Street)

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the 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 Artisan Shanmugam Road (Shanmunga Mudaliar Street)?

The Artisan Shanmugam Road (Shanmunga Mudaliar Street) falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Chinna Sembaram Bakkam

The guideline value is a crucial factor when buying or selling property in Chinna Sembaram Bakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

Frequently asked questions

What is the current guideline value of Artisan Shanmugam Road?

The current guideline value of Artisan Shanmugam Road (Shanmunga Mudaliar Street) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 133% over the years.

What is the land classification for Artisan Shanmugam Road?

The land classification for Artisan Shanmugam Road (Shanmunga Mudaliar Street) is Residential Class II Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at the rate of 7%.