Guideline Value

Corporate

Guideline Value for Samundariya Colony 3rd Street

₹4400/sq.ft.

The guideline value for Samundariya Colony 3rd Street 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 N/A
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 3rd Street

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Samundariya Colony 3rd Street guideline value

The current guideline value of Samundariya Colony 3rd Street 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 3rd Street has changed

The guideline value for Samundariya Colony 3rd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 4,000 per sq.ft. Prior to that, the value remained unchanged from 2012 to 2023, with the 2012 revision also at Rs 4,000 per sq.ft.

Looking further back, the 2007 revision recorded a significant increase to Rs 1,100 per sq.ft. This marks a 264% rise from the previous figure in 2007 to 2012. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 300%. The register has no figures for the years 2017, 2003, and 2002 for this street.

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 value for these streets is Rs 3,300 per sq.ft, placing Samundariya Colony 3rd Street above this median at Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in Samundariya Colony 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. 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 Samundariya Colony 3rd Street?

The Sub Registrar Office that covers Samundariya Colony 3rd 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 the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government collects the appropriate taxes based on the property's value, safeguarding both the buyer and seller during the transaction.

Frequently asked questions

What is the current guideline value of Samundariya Colony 3rd Street?

The current guideline value of Samundariya Colony 3rd Street 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 increased from Rs 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking a total increase of 300% over the years. The most recent change was a 10% rise from Rs 4,000 per sq.ft in 2023.

What is the land classification for Samundariya Colony 3rd Street?

The land classification for Samundariya Colony 3rd Street is Residential Special Type - I.

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 registrations for properties in the Kolathur area.

How is the stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would amount to Rs 3,08,000.