Guideline Value

Corporate

Guideline Value for Sri Nagar Colony 4th Street

₹3300/sq.ft.

The guideline value for Sri Nagar Colony 4th Street in Kolathur village (Sembiam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /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 Sri Nagar Colony 4th Street

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Sri Nagar Colony 4th Street guideline value

The current guideline value of Sri Nagar Colony 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Nagar Colony 4th Street has changed

The guideline value for Sri Nagar Colony 4th Street has undergone several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 700 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 329% rise. The value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, which brought it to Rs 3,300 per sq.ft, reflecting a 10% increase. The current revision in 2024 maintains this value at Rs 3,300 per sq.ft.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 371%.

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 Sri Nagar Colony 4th Street aligns with this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is essential 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 Sri Nagar Colony 4th Street?

The Sub Registrar Office that covers Sri Nagar Colony 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 plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sri Nagar Colony 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 371% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for Sri Nagar Colony 4th Street?

The Sembiam Sub Registrar Office handles property registrations for Sri Nagar Colony 4th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value determined for properties in Kolathur?

The guideline value for properties in Kolathur is determined by the Registration Department's guideline value register, which sets minimum values for property transactions based on various factors.