Guideline Value for Samundariya Colony 5th Street

Samundariya Colony 5th Street guideline value

The current guideline value of Samundariya Colony 5th 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 5th Street has changed

Over the years, the guideline value of Samundariya Colony 5th Street has seen significant changes. The 2007 revision set the value at Rs 1,100 per sq.ft, which then increased to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 raised the guideline value to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street. The change from 2007 to 2012 was a substantial 264%, and the overall increase from 2007 to 2024 is 300%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a guideline value for 2024, 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 Samundariya Colony 5th Street is above this median.

• Samundariya Colony 4th Street: Rs 4,400 per sq.ft (2024)
• Samundariya Colony 3rd Street: Rs 4,400 per sq.ft (2024)
• Samundariya Colony 3rd Main Road: Rs 4,400 per sq.ft (2024)
• Samundariya Colony 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Samundariya Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• Samundariya Colony 2nd Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Samundariya Colony 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Samundariya Colony 5th Street?

The Sub Registrar Office that covers Samundariya Colony 5th 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 is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties comply with legal requirements.

When you register a property, the guideline value serves as a benchmark for calculating the charges. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Samundariya Colony 5th Street?

The current guideline value of Samundariya Colony 5th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,100 per sq.ft to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 300%.

What is the land classification for Samundariya Colony 5th Street?

The land classification for Samundariya Colony 5th Street is Residential Special Type - I.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total charges would amount to Rs 3,96,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Samundariya Colony 5th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.