Guideline Value

Corporate

Guideline Value for Kennady Square Main Road

₹3800/sq.ft.

The guideline value for Kennady Square Main Road in Sembiam village (Sembiam SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sembiam

Village

Sembiam

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1394 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹440 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹406 /sq.ft.
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 Kennady Square Main Road

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Kennady Square Main Road guideline value

The current guideline value of Kennady Square Main Road is Rs 3,800 per sq.ft, effective from 1 July 2024. This road is located in Sembiam village, under the Sembiam SRO, and is classified as Mixed Special Type - I land.

How the guideline value of Kennady Square Main Road has changed

The guideline value of Kennady Square Main Road has seen significant changes over the years. In 2002, the value was Rs 406 per sq.ft, which increased to Rs 440 per sq.ft in 2003. The value then rose dramatically to Rs 1,394 per sq.ft in 2007, marking a 217% increase. Following this, the value reached Rs 3,500 per sq.ft in 2012, reflecting a 151% increase from the previous revision. However, it decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%.

From 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, which was a 49% rise. The latest revision in 2024 set the guideline value at Rs 3,800 per sq.ft, marking a 9% increase from the previous year. There are no figures available for the revisions in years other than those mentioned.

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 for these streets is Rs 2,700 per sq.ft, placing Kennady Square Main Road's 2024 value above this median.

Stamp duty and registration fee for property in Kennady Square Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty is charged at 7%, which totals Rs 2,66,000, and the registration fee at 2% amounts to Rs 76,000. Together, the total cost for these fees is Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kennady Square Main Road?

The Sub Registrar Office that covers Kennady Square 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

The guideline value plays a crucial role in the property registration process in Sembiam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential for buyers to be aware of the guideline value, as it influences the overall cost of the transaction. Sellers should also consider the guideline value when pricing their property, as it reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Kennady Square Main Road?

The current guideline value of Kennady Square Main Road is Rs 3,800 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 406 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, showing an overall increase of 836% over this period.

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, with Kennady Square Main Road's 2024 value above this median.

What are the stamp duty and registration fees for property in Kennady Square Main Road?

For a 1,000 sq.ft plot valued at Rs 38,00,000, the stamp duty is Rs 2,66,000 and the registration fee is Rs 76,000, totaling Rs 3,42,000.

Where is the Sembiam Sub Registrar Office located?

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