Guideline Value for Chinna Kulanthai 1st Street

Chinna Kulanthai 1st Street guideline value

The current guideline value of Chinna Kulanthai 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village and falls under the Sembiam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Chinna Kulanthai 1st Street has changed

The guideline value for Chinna Kulanthai 1st Street has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, between 2012 and 2017, it decreased to Rs 1,675 per sq.ft. The value then rose sharply to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft as of the 2024 revision. The changes in guideline value from 2017 to 2023 were +49%, and from 2023 to 2024, it increased by +8%.

The revisions for the years 2002 and 2003 do not have figures listed for this street. Overall, from 2007 to 2024, the guideline value has increased by +238%.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is the same as the current value for Chinna Kulanthai 1st Street.

• Chinna Kulanthai 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 2nd Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 3rd Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 4th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Kulanthai 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Chinna Kulanthai 1st Street?

The Chinna Kulanthai 1st Street is covered by 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 Sembiam

The guideline value is a critical factor in the registration process when buying or selling property in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Chinna Kulanthai 1st Street?

The current guideline value of Chinna Kulanthai 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +238%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registrations for Chinna Kulanthai 1st Street?

The Sembiam Sub Registrar Office handles property registrations for Chinna Kulanthai 1st Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value determined for properties in Sembiam?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions in the area.