Guideline Value

Corporate

Guideline Value for Shanmugam Salai

₹2200/sq.ft.

The guideline value for Shanmugam Salai in Kolathur village (Sembiam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹191 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹176 /sq.ft.
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 Shanmugam Salai

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Shanmugam Salai guideline value

The current guideline value of Shanmugam Salai is Rs 2,200 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 IV Type - I.

How the guideline value of Shanmugam Salai has changed

The guideline value for Shanmugam Salai has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 176 per sq.ft. This increased to Rs 191 per sq.ft in 2003, marking a 9% rise. The value then saw a significant jump to Rs 700 per sq.ft in 2007, which was a 266% increase. Following this, the 2012 revision set the value at Rs 2,000 per sq.ft, reflecting a 186% increase from the previous revision. However, the value dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33% from 2012. The guideline value then rose to Rs 2,000 per sq.ft in 2023, with a notable increase of 49%. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value for Shanmugam Salai has increased by 1,150%. There are no figures available for the revisions in years not mentioned in the register for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with 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 Shanmugam Salai is below this median.

Stamp duty and registration fee for property in Shanmugam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost would be Rs 1,98,000. It is important to 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 Shanmugam Salai?

The Sub Registrar Office that covers Shanmugam Salai 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 during the registration of property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. The guideline value helps ensure that the transaction is recorded at a fair value in the official records.

When you buy or sell property in Kolathur, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value for the property.

Frequently asked questions

What is the current guideline value of Shanmugam Salai?

The current guideline value of Shanmugam Salai is Rs 2,200 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 176 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1,150% over the years.

What are the stamp duty and registration fees for properties in Shanmugam Salai?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, with a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Shanmugam Salai?

The Sembiam Sub Registrar Office covers Shanmugam Salai, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What other streets in Kolathur have guideline values?

Other streets in Kolathur under the Sembiam SRO include Shanthi Avenue, Shanthi Nagar 1st Cross Street, Shanthi Nagar 1st Street, Shanthi Nagar 2nd Cross Street, Shanthi Nagar 2nd Street, and Shanthi Nagar 3rd Cross Street, all with a guideline value of Rs 3,600 per sq.ft for 2024.