Guideline Value

Corporate

Guideline Value for Shanthi Nagar 5th Street

₹3600/sq.ft.

The guideline value for Shanthi Nagar 5th Street in Kolathur village (Sembiam SRO, Chennai zone) is Rs 3600 per sq.ft, effective 1 July 2024. It was Rs 3300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3600 /sq.ft.
From 1-4-2023 ₹3300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2211 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /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 Shanthi Nagar 5th Street

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Shanthi Nagar 5th Street guideline value

The current guideline value of Shanthi Nagar 5th Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Special Type - II.

How the guideline value of Shanthi Nagar 5th Street has changed

Looking back at the revisions, the guideline value for Shanthi Nagar 5th Street has seen significant changes. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 3,300 per sq.ft in 2012. However, it then dropped to Rs 2,211 per sq.ft in 2017 before rising again to Rs 3,300 per sq.ft in 2023. The latest revision in 2024 has established the value at Rs 3,600 per sq.ft.

Between the revisions, the changes were as follows: from 2007 to 2012, there was an increase of 230%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and finally, from 2023 to 2024, an increase of 9%. Overall, the guideline value has increased by 260% from 2007 to 2024. The register has no figures for the years 2002 and 2003 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 is Rs 3,300 per sq.ft, making the guideline value of Shanthi Nagar 5th Street above this median.

Stamp duty and registration fee for property in Shanthi Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees to Rs 3,24,000. 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 Shanthi Nagar 5th Street?

The Sub Registrar Office that covers Shanthi Nagar 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 crucial during property transactions as it determines the minimum value at which properties can be registered. When buying or selling property in Kolathur, the guideline value is used to calculate applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value ensures transparency and fairness in property transactions, as it provides a standardized value for all properties within a given area.

Frequently asked questions

What is the current guideline value of Shanthi Nagar 5th Street?

The current guideline value of Shanthi Nagar 5th Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, marking an overall increase of 260% over the years.

What is the land classification for Shanthi Nagar 5th Street?

Shanthi Nagar 5th Street is classified as Residential Special Type - II.

Where can I find the Sembiam Sub Registrar Office?

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

How is stamp duty calculated for properties in Shanthi Nagar 5th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 36,00,000, the stamp duty at 7% would be Rs 2,52,000.