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Guideline Value

Corporate

Guideline Value for Chinna Kulanthai 7th Cross Street

₹2700/sq.ft.

The guideline value for Chinna Kulanthai 7th Cross Street in Sembiam village (Sembiam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sembiam

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Chinna Kulanthai 7th Cross Street

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Chinna Kulanthai 7th Cross Street guideline value

The current guideline value of Chinna Kulanthai 7th 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 7th Cross Street has changed

Over the years, the guideline value of Chinna Kulanthai 7th Cross Street has seen significant changes. In 2007, the guideline value was Rs 800 per sq.ft, which 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, followed by a further increase to Rs 2,700 per sq.ft in 2024, reflecting an 8% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 238%. 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 have 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 the same as the 2024 guideline value for Chinna Kulanthai 7th Cross Street.

Stamp duty and registration fee for property in Chinna Kulanthai 7th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to 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 to Rs 2,43,000. It is important to note that 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 details.

Which Sub Registrar Office covers Chinna Kulanthai 7th Cross Street?

The Sub Registrar Office that covers Chinna Kulanthai 7th 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 plays a crucial role in the registration process when buying or selling property in Sembiam. It serves as a benchmark for determining the minimum value at which property transactions are recorded, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When a property is sold, the buyer and seller must adhere to the guideline value set for that location. This value is used to calculate the applicable stamp duty and registration fees, which are essential for completing the legal transfer of ownership.

Frequently asked questions

What is the current guideline value of Chinna Kulanthai 7th Cross Street?

The current guideline value of Chinna Kulanthai 7th 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 an overall increase of 238% over this period.

What is the median guideline value in Sembiam?

The median guideline value across 250 streets in Sembiam is Rs 2,700 per sq.ft, which is the same as the guideline value for Chinna Kulanthai 7th Cross Street in 2024.

What are the stamp duty and registration fees for a property 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 7th Cross Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles property registrations for Chinna Kulanthai 7th Cross Street.