Guideline Value for Chinna Kulanthai 3rd Cross Street

Chinna Kulanthai 3rd Cross Street guideline value

The current guideline value of Chinna Kulanthai 3rd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, which falls under the jurisdiction of the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Chinna Kulanthai 3rd Cross Street has changed

Over the years, the guideline value for Chinna Kulanthai 3rd Cross Street has seen significant changes. In 2007, the guideline value was Rs 800 per sq.ft. This figure increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 213%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase of 8% from the previous year.

The register does not contain figures for the years 2002 and 2003 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 for these streets is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Chinna Kulanthai 3rd Cross Street.

• Chinna Kulanthai 1st Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 2nd Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 2nd 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)
• Chinna Kulanthai 5th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Kulanthai 3rd Cross 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, while the registration fee at 2% would be Rs 54,000. Together, these fees would total 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Kulanthai 3rd Cross Street?

The Sub Registrar Office that covers Chinna Kulanthai 3rd Cross Street is 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 Sembiam

The guideline value plays a crucial role in the registration of property transactions in Sembiam. It serves as the basis for determining the stamp duty and registration fees that need to be paid during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Chinna Kulanthai 3rd Cross Street?

The current guideline value of Chinna Kulanthai 3rd Cross Street is Rs 2,700 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 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting a total increase of 238% over the years.

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 Sub Registrar Office covers this street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Chinna Kulanthai 3rd Cross Street.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the property is registered at a fair value for legal and taxation purposes.