Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Kolathur Housing Board Tenament South Street

₹2700/sq.ft.

The guideline value for Kolathur Housing Board Tenament South Street in Kolathur 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Class II 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 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /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 Kolathur Housing Board Tenament South Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Kolathur Housing Board Tenament South Street guideline value

The current guideline value of Kolathur Housing Board Tenament South Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Class II Type - I.

How the guideline value of Kolathur Housing Board Tenament South Street has changed

Over the years, the guideline value for Kolathur Housing Board Tenament South Street has seen several revisions. The earliest recorded figure is from 2007, when the value was Rs 1,000 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 has raised the guideline value to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Notably, there are no recorded figures for this street in the revisions of 2002, 2003, and 2017. Overall, from 2007 to 2024, the guideline value has increased by 170%.

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, with a median value of Rs 3,300 per sq.ft. The guideline value of Kolathur Housing Board Tenament South Street is below this median.

Stamp duty and registration fee for property in Kolathur Housing Board Tenament South Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, totaling 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 further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kolathur Housing Board Tenament South Street?

The Kolathur Housing Board Tenament South Street is covered by 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 Kolathur

The guideline value is a critical factor in the registration process of property transactions. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in Kolathur.

When you register a property, the guideline value will be used to calculate the applicable charges, ensuring that both buyers and sellers adhere to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kolathur Housing Board Tenament South Street?

The current guideline value of Kolathur Housing Board Tenament South Street 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 significantly from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024. There have been increases in 2012, 2023, and 2024, with no figures available for the years 2002, 2003, and 2017.

What is the land classification for Kolathur Housing Board Tenament South Street?

The land classification for Kolathur Housing Board Tenament South Street is Residential Class II Type - I. This classification affects the guideline value and potential uses of the property.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles the registration of properties in the Kolathur area.

How is the stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,00,000, the stamp duty would be calculated at 7% of this amount.