Guideline Value for Chinna Kulanthai 3rd Street

Chinna Kulanthai 3rd Street guideline value

The current guideline value of Chinna Kulanthai 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village under the Sembiam SRO and is classified as Residential Class I Type - I.

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

The guideline value for Chinna Kulanthai 3rd Street has seen several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 800 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 213%. However, it then decreased to Rs 1,675 per sq.ft in 2017, which was a decline of 33%. The value rebounded to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an increase of 8% from the previous year.

Notably, the register has no 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 value for these streets is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Chinna Kulanthai 3rd Street.

• Chinna Kulanthai 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 2nd Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 5th Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 6th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Kulanthai 3rd 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, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chinna Kulanthai 3rd Street?

The Sub Registrar Office that covers Chinna Kulanthai 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 Sembiam

The guideline value is a crucial factor during property transactions in Sembiam. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory when registering a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that all transactions are recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

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

The current guideline value of Chinna Kulanthai 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed 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, representing an overall increase of 238%.

What are the stamp duty and registration fees for a property in Chinna Kulanthai 3rd Street?

For a 1,000 sq.ft plot, the total guideline value is 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 registrations for Chinna Kulanthai 3rd Street?

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

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 historical revisions. It is used to calculate stamp duty and registration fees during property transactions.