Guideline Value

Corporate

Guideline Value for Samuthariya Colony Extension

₹4400/sq.ft.

The guideline value for Samuthariya Colony Extension 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]

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Samuthariya Colony Extension guideline value

The current guideline value of Samuthariya Colony Extension is Rs 4,400 per sq.ft. This area is located in Kolathur village under the Sembiam SRO, classified as Residential Special Type - I.

How the guideline value of Samuthariya Colony Extension has changed

The guideline value for Samuthariya Colony Extension has seen several revisions over the years. In 2007, the rate was Rs 1,100 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. This was a remarkable change of 264%. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, when it rose to Rs 4,400 per sq.ft, marking a 10% increase.

From 2007 to 2024, the overall increase in guideline value is 300%, reaching the current rate of Rs 4,400 per sq.ft effective from 1 July 2024. The register has no figures for the years 2002, 2003, and 2017 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, with a median value of Rs 3,300 per sq.ft. The guideline value for Samuthariya Colony Extension is above this median.

Stamp duty and registration fee for property in Samuthariya Colony Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be 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 cost for these fees to Rs 3,96,000. It is important to note that 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 Samuthariya Colony Extension?

The Sub Registrar Office that covers Samuthariya Colony Extension 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 property transactions in Kolathur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations. This value is regularly updated, reflecting changes in the real estate market and land usage classifications.

Frequently asked questions

What is the current guideline value of Samuthariya Colony Extension?

The current guideline value of Samuthariya Colony Extension 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 an overall increase of 300% over the years.

What are the other streets in Kolathur with the same guideline value?

Other streets in Kolathur with the same guideline value of Rs 4,400 per sq.ft include Samundariya Colony 2nd Street, 3rd Street, 4th Street, 5th Street, 3rd Main Road, and 3rd Cross Street.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Samuthariya Colony Extension is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Samuthariya Colony Extension?

The Sub Registrar Office for Samuthariya Colony Extension is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.