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Guideline Value

Corporate

Guideline Value for Periya Palayathamman Koil Street

₹1900/sq.ft.

The guideline value for Periya Palayathamman Koil Street in Sembiam village (Sembiam SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sembiam

Village

Sembiam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 ₹370 /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 Periya Palayathamman Koil Street

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Periya Palayathamman Koil Street guideline value

The current guideline value of Periya Palayathamman Koil Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village and falls under the Sembiam SRO, classified as Residential Class II Type - I.

How the guideline value of Periya Palayathamman Koil Street has changed

The guideline value for Periya Palayathamman Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 370 per sq.ft, which increased to Rs 401 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 800 per sq.ft in 2007, marking a 100% increase. The value then rose to Rs 1,800 per sq.ft in 2012, reflecting a 125% increase from the previous revision. However, it decreased to Rs 1,206 per sq.ft in 2017, a drop of 33% from 2012. The value increased again to Rs 1,800 per sq.ft in 2023, and finally reached Rs 1,900 per sq.ft in 2024, which is a 6% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 414%. The register has no figure for the years not listed above.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Periya Palayathamman Koil Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Periya Palayathamman Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periya Palayathamman Koil Street?

The Sub Registrar Office that covers Periya Palayathamman Koil 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 Sembiam

The guideline value is a critical factor in the registration process when buying or selling property in Sembiam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Periya Palayathamman Koil Street?

The current guideline value of Periya Palayathamman Koil Street is Rs 1,900 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 370 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 414% over this period.

What is the registration fee for properties in Sembiam?

The registration fee for properties in Sembiam is calculated based on the guideline value. For example, for a property valued at Rs 19,00,000, the registration fee would be Rs 38,000 at 2%.

Where is the Sub Registrar Office for Periya Palayathamman Koil Street located?

The Sub Registrar Office for Periya Palayathamman Koil Street is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the significance of the guideline value in property transactions?

The guideline value is used as a reference point for property registration, ensuring that transactions are conducted at a fair and transparent value. It also helps in calculating the stamp duty and registration fees associated with the property sale.