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Guideline Value

Corporate

Guideline Value for Chinna Kulanthai North Main Road

₹2700/sq.ft.

The guideline value for Chinna Kulanthai North Main Road 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 ₹401 /sq.ft.
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 North Main Road

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Chinna Kulanthai North Main Road guideline value

The current guideline value of Chinna Kulanthai North Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road 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 North Main Road has changed

The guideline value for Chinna Kulanthai North Main Road has undergone several revisions over the years. The earliest recorded revision is from 2003, where the value was Rs 401 per sq.ft. This value increased to Rs 800 per sq.ft in 2007, marking a significant rise of 100%. The 2012 revision saw the value increase to Rs 2,500 per sq.ft, representing a 213% increase. However, in 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The guideline value then rose to Rs 2,500 per sq.ft in 2023, followed by the current value of Rs 2,700 per sq.ft in 2024, reflecting an 8% increase.

Overall, from 2003 to 2024, the guideline value has increased by 573%. It is important to note that the register has no figure for the year 2002 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 guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value for Chinna Kulanthai North Main Road.

Stamp duty and registration fee for property in Chinna Kulanthai North Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total 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 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 North Main Road?

The Sub Registrar Office covering Chinna Kulanthai North Main Road 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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. Therefore, understanding the guideline value is essential for anyone involved in real estate transactions in Sembiam.

Frequently asked questions

What is the current guideline value of Chinna Kulanthai North Main Road?

The current guideline value of Chinna Kulanthai North Main Road 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 401 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 573% over the years.

What is the median guideline value for streets in Sembiam?

The median guideline value for streets in Sembiam is Rs 2,700 per sq.ft, which is the same as the current value for Chinna Kulanthai North Main Road.

What are the stamp duty rates for property in Chinna Kulanthai North Main Road?

The stamp duty for property in Chinna Kulanthai North Main Road is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Chinna Kulanthai North Main Road located?

The Sub Registrar Office for Chinna Kulanthai North Main Road is located at 5, Papermills Road, Sembiam, Chennai - 600011.