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Guideline Value

Corporate

Guideline Value for Janakiram Reddy Colony 2nd Street

₹3300/sq.ft.

The guideline value for Janakiram Reddy Colony 2nd Street in Kolathur village (Sembiam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /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 Janakiram Reddy Colony 2nd Street

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Janakiram Reddy Colony 2nd Street guideline value

The current guideline value of Janakiram Reddy Colony 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification is Residential Class I Type - I.

How the guideline value of Janakiram Reddy Colony 2nd Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the guideline value was Rs 1,000 per sq.ft. This figure increased to Rs 3,000 per sq.ft in 2012, marking a 200% increase. The value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, where it was again set at Rs 3,000 per sq.ft. The latest revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for Janakiram Reddy Colony 2nd Street for the years 2002, 2003, and 2017. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Janakiram Reddy Colony 2nd Street.

Stamp duty and registration fee for property in Janakiram Reddy Colony 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Janakiram Reddy Colony 2nd Street?

The Sub Registrar Office that covers Janakiram Reddy Colony 2nd 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 Kolathur

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Janakiram Reddy Colony 2nd Street?

The current guideline value of Janakiram Reddy Colony 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024. There were significant increases in 2012 and 2024, with the most recent change being a 10% rise from 2023.

What is the land classification for Janakiram Reddy Colony 2nd Street?

Janakiram Reddy Colony 2nd Street is classified as Residential Class I Type - I.

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

Other streets in Kolathur with the same guideline value of Rs 3,300 per sq.ft include Janakiram Reddy Colony 1st, 3rd, 4th, 5th, 6th, and 7th Streets.

Where can I find the Sub Registrar Office for Janakiram Reddy Colony 2nd Street?

The Sub Registrar Office for Janakiram Reddy Colony 2nd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.