Guideline Value for Chinna Kulanthai South Street

Chinna Kulanthai South Street guideline value

The current guideline value of Chinna Kulanthai South 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 South Street has changed

The guideline value for Chinna Kulanthai South Street has seen several revisions over the years. In 2003, the value was Rs 401 per sq.ft, which 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 value rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,700 per sq.ft in 2024, which is 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 village, 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 guideline value for Chinna Kulanthai South Street.

• Chinna Kulanthai South Main Road: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai West Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai North Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai North Main Road: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai East 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 South Street

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, making the total cost 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 South Street?

The Sub Registrar Office that covers Chinna Kulanthai South 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 is a crucial factor 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.

Frequently asked questions

What is the current guideline value of Chinna Kulanthai South Street?

The current guideline value of Chinna Kulanthai South Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision occurring in 2024. Previous revisions took place in 2023, 2017, 2012, 2007, and 2003.

What was the guideline value in 2017?

In 2017, the guideline value of Chinna Kulanthai South Street was Rs 1,675 per sq.ft.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. You can also find your SRO online.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at a rate of 7%.