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Guideline Value

Corporate

Guideline Value for Soma Ramasamy Main Road

₹1900/sq.ft.

The guideline value for Soma Ramasamy Main Road in Siruvallur village (Sembiam SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Siruvallur

Village

Sembiam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Soma Ramasamy Main Road

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Soma Ramasamy Main Road guideline value

The current guideline value of Soma Ramasamy Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024. This road is located in Siruvallur village under the Sembiam SRO, classified as Residential Class III Type - I.

How the guideline value of Soma Ramasamy Main Road has changed

The guideline value for Soma Ramasamy Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision raised it to Rs 1,900 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. The 2023 to 2024 revision shows a 6% increase, while the overall change from 2012 to 2024 is an increase of 6%.

Guideline values in Siruvallur

In Siruvallur village, there are 86 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 6,600 per sq.ft. The median value across these streets is Rs 1,900 per sq.ft, which is the same as the guideline value for Soma Ramasamy Main Road.

Stamp duty and registration fee for property in Soma Ramasamy Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Soma Ramasamy Main Road?

The Soma Ramasamy Main Road falls under the jurisdiction of 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 Siruvallur

The guideline value plays a crucial role in property transactions in Siruvallur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value is set by the Registration Department and is revised periodically based on various factors.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the official value of the property in the area.

Frequently asked questions

What is the current guideline value of Soma Ramasamy Main Road?

The current guideline value of Soma Ramasamy Main Road is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Soma Ramasamy Main Road?

Soma Ramasamy Main Road is classified as Residential Class III Type - I, indicating its use for residential purposes.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 19,00,000 would incur a stamp duty of Rs 1,33,000 at 7%.