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Guideline Value

Corporate

Guideline Value for Chinna Kulanthai South Main Road

₹2700/sq.ft.

The guideline value for Chinna Kulanthai South 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 South Main Road

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Chinna Kulanthai South Main Road guideline value

The current guideline value of Chinna Kulanthai South 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 South Main Road has changed

The guideline value for Chinna Kulanthai South Main Road has seen several revisions over the years. Starting from Rs 401 per sq.ft in 2003, it increased to Rs 800 per sq.ft in 2007, marking a 100% rise. The value then surged to Rs 2,500 per sq.ft in 2012, reflecting a significant increase of 213%. However, it decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 brought the value back up to Rs 2,500 per sq.ft, followed by the current rate of Rs 2,700 per sq.ft in 2024, which is an 8% increase from the previous year.

It is important to note that there is no figure available for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 573%.

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 the same as the current value for Chinna Kulanthai South Main Road.

Stamp duty and registration fee for property in Chinna Kulanthai South 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 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, making the total cost for these charges Rs 2,43,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinna Kulanthai South Main Road?

The Sub Registrar Office that covers Chinna Kulanthai South Main Road 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

When buying or selling property in Sembiam, the guideline value is an important factor that determines the amount of stamp duty and registration fees payable. This value is set by the Registration Department and is used as a basis for calculating these fees during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the total costs involved in a property transaction. The guideline value is regularly updated to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value for Chinna Kulanthai South Main Road?

The current guideline value for Chinna Kulanthai South 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 multiple times, starting 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 stamp duty rate for property transactions in Sembiam?

The stamp duty rate for property transactions in Sembiam is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is updated regularly to reflect changes in the real estate market, ensuring that it is in line with current property values.