Guideline Value

Corporate

Guideline Value for Samundariya Colony 1st Main Road

₹4400/sq.ft.

The guideline value for Samundariya Colony 1st Main Road in Kolathur village (Sembiam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /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 Samundariya Colony 1st Main Road

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Samundariya Colony 1st Main Road guideline value

The current guideline value for Samundariya Colony 1st Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Samundariya Colony 1st Main Road has changed

The guideline value for Samundariya Colony 1st Main Road has seen several revisions over the years. In 2007, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 264%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The next revision in 2017 saw a substantial increase to Rs 4,000 per sq.ft in 2023, an increase of 49%. The current guideline value of Rs 4,400 per sq.ft reflects a 10% increase from the previous year's value of Rs 4,000 per sq.ft.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

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 for Samundariya Colony 1st Main Road is above this median.

Stamp duty and registration fee for property in Samundariya Colony 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value is Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please 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 Samundariya Colony 1st Main Road?

The Sub Registrar Office covering Samundariya Colony 1st 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 Kolathur

The guideline value is a crucial factor in the registration process of property transactions in Kolathur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and fairness in property dealings, as it prevents undervaluation of properties during registration.

Frequently asked questions

What is the current guideline value for Samundariya Colony 1st Main Road?

The current guideline value for Samundariya Colony 1st Main Road is Rs 4,400 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 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 44,00,000, the stamp duty is Rs 3,08,000 and the registration fee is Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration of properties in Samundariya Colony 1st Main Road?

The Sembiam Sub Registrar Office handles the registration of properties in Samundariya Colony 1st Main Road, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value determined for properties in Kolathur?

The guideline value is determined based on various factors, including land classification and comparisons with other streets in the area. It is revised periodically to reflect current market conditions and is used for calculating stamp duty and registration fees.