Guideline Value for Sarojini Nagar 4th Street

Sarojini Nagar 4th Street guideline value

The current guideline value of Sarojini Nagar 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sarojini Nagar 4th Street has changed

The guideline value for Sarojini Nagar 4th Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 1,000 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a 150% rise. However, in the 2017 revision, the value dropped to Rs 1,675 per sq.ft, reflecting a decrease of 33%. The value then saw a substantial increase to Rs 2,500 per sq.ft in the 2023 revision, a rise of 49% from the previous revision. The latest revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, which is an 8% increase from 2023.

There are no figures available for Sarojini Nagar 4th Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 170%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft as of 2024. The median value among these streets is Rs 3,300 per sq.ft, positioning Sarojini Nagar 4th Street's 2024 figure below this median.

• Sarojini Nagar 3th Street: Rs 2,700 per sq.ft (2024)
• Sarojini Nagar Extension: Rs 2,200 per sq.ft (2024)
• Sarojini Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Sarojini Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Sasthiri Avenue: Rs 2,700 per sq.ft (2024)
• Sasthri Nagar 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sarojini Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty, calculated at 7%, would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total fees together to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sarojini Nagar 4th Street?

The Sub Registrar Office that covers Sarojini Nagar 4th 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 when registering property transactions in Kolathur. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sarojini Nagar 4th Street?

The current guideline value of Sarojini Nagar 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 1,000 per sq.ft in 2007, rising to Rs 2,500 in 2012, dropping to Rs 1,675 in 2017, increasing to Rs 2,500 in 2023, and finally reaching Rs 2,700 in 2024.

What is the stamp duty rate for property in Sarojini Nagar 4th Street?

The stamp duty rate for property transactions in Sarojini Nagar 4th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the median guideline value for streets in Kolathur?

The median guideline value for streets in Kolathur is Rs 3,300 per sq.ft, with Sarojini Nagar 4th Street's 2024 figure being below this median.