Guideline Value for Chinna Kulanthai 4th Cross Street

Chinna Kulanthai 4th Cross Street guideline value

The current guideline value of Chinna Kulanthai 4th Cross 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 4th Cross Street has changed

Over the years, the guideline value for Chinna Kulanthai 4th Cross Street has seen significant changes. The earliest recorded revision is from 2007, where the value was Rs 800 per sq.ft. It increased to Rs 2,500 per sq.ft in 2012, marking a substantial rise of 213%. However, between 2012 and 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. The guideline value then rose again to Rs 2,500 per sq.ft in 2023, followed by the latest increase to Rs 2,700 per sq.ft in 2024, reflecting an 8% change.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 238%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Chinna Kulanthai 4th Cross Street.

• Chinna Kulanthai 3rd Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 5th Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 2nd Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 7th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Kulanthai 4th 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 be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees 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.

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

Which Sub Registrar Office covers Chinna Kulanthai 4th Cross Street?

The Sub Registrar Office that covers Chinna Kulanthai 4th 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 process when buying or selling property in Sembiam. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it affects the overall cost involved in property transactions. It ensures that the necessary fees are paid accurately during the registration process, helping to maintain transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Chinna Kulanthai 4th Cross Street?

The current guideline value of Chinna Kulanthai 4th 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, with various increases and decreases throughout the years.

What is the land classification for Chinna Kulanthai 4th Cross Street?

Chinna Kulanthai 4th Cross Street is classified as Residential Class I 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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total cost of Rs 2,43,000 for these fees.