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Guideline Value

Corporate

Guideline Value for Cauveri Nagar 3rd Street

₹4400/sq.ft.

The guideline value for Cauveri Nagar 3rd Street in Kolathur village (Sembiam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /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 Cauveri Nagar 3rd Street

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Cauveri Nagar 3rd Street guideline value

The current guideline value of Cauveri Nagar 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Cauveri Nagar 3rd Street has changed

Over the years, the guideline value of Cauveri Nagar 3rd Street has seen significant changes. In the 2007 revision, the guideline value was Rs 700 per sq.ft. This increased dramatically to Rs 4,000 per sq.ft in the 2012 revision, marking an increase of 471%. However, the value dropped to Rs 2,680 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision brought the value back up to Rs 4,000 per sq.ft, and in the latest 2024 revision, it increased further to Rs 4,400 per sq.ft, reflecting a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 529%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Cauveri Nagar 3rd Street's 2024 figure above this median.

Stamp duty and registration fee for property in Cauveri Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that 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 Cauveri Nagar 3rd Street?

The Sub Registrar Office that covers Cauveri Nagar 3rd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kolathur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to accurately assess costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Cauveri Nagar 3rd Street?

The current guideline value of Cauveri Nagar 3rd Street is Rs 4,400 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 700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 529% over the years.

What is the land classification for Cauveri Nagar 3rd Street?

The land classification for Cauveri Nagar 3rd Street is Residential Special Type - I.

Where can I find the registration office for Cauveri Nagar 3rd Street?

The registration office for Cauveri Nagar 3rd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Cauveri Nagar 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.