Guideline Value for Chinna Kulanthai 5th Cross Street

Chinna Kulanthai 5th Cross Street guideline value

The current guideline value of Chinna Kulanthai 5th 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, classified as Residential Class I Type - I.

How the guideline value of Chinna Kulanthai 5th Cross Street has changed

The guideline value for Chinna Kulanthai 5th Cross Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision saw a notable rise to Rs 2,500 per sq.ft, followed by the current 2024 revision, which established the guideline value at Rs 2,700 per sq.ft. The register does not have figures for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. The transition from 2012 to 2017 marked a decrease of 33%. The rise from 2007 to 2012 was remarkable at 213%. 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, with the median being Rs 2,700 per sq.ft. Chinna Kulanthai 5th Cross Street's 2024 figure aligns with this median.

• Chinna Kulanthai 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 3rd Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 7th Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai East Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Kulanthai 5th 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, the total cost for these fees would be Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chinna Kulanthai 5th Cross Street?

The Sub Registrar Office that covers Chinna Kulanthai 5th Cross 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 an essential factor in property transactions in Sembiam. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. This value ensures that the government receives appropriate revenue from property transactions.

When a buyer or seller approaches the registration office, the guideline value is used to determine the applicable fees, which are mandatory for the completion of the registration process. It is crucial for all parties involved to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Chinna Kulanthai 5th Cross Street?

The current guideline value of Chinna Kulanthai 5th 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 from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, showing a significant overall increase of 238% over the years.

What are the other streets in Sembiam with the same guideline value?

Other streets in Sembiam with the same guideline value of Rs 2,700 per sq.ft in 2024 include Chinna Kulanthai 4th Cross Street, Chinna Kulanthai 6th Cross Street, Chinna Kulanthai 3rd Street, Chinna Kulanthai 7th Cross Street, Chinna Kulanthai 3rd Cross Street, and Chinna Kulanthai East Street.

What fees are associated with buying property in Chinna Kulanthai 5th Cross Street?

When buying property in Chinna Kulanthai 5th Cross Street, buyers should consider the stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Chinna Kulanthai 5th Cross Street located?

The Sub Registrar Office for Chinna Kulanthai 5th Cross Street is located at 5, Papermills Road, Sembiam, Chennai - 600011.