Guideline Value

Corporate

Guideline Value for Srinivasa Nagar 11th Street

₹4400/sq.ft.

The guideline value for Srinivasa Nagar 11th Street in Kolathur village (Sembiam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /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 Srinivasa Nagar 11th Street

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Srinivasa Nagar 11th Street guideline value

The current guideline value of Srinivasa Nagar 11th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Special Type - I.

How the guideline value of Srinivasa Nagar 11th Street has changed

Over the years, the guideline value for Srinivasa Nagar 11th Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,000 per sq.ft, which increased to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 has raised the value to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

The overall change from the 2007 revision to the 2024 revision is a notable increase of 340%. It is important to note that the register has no figures for the years 2002, 2003, and 2017 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. The median value for these streets is Rs 3,300 per sq.ft, placing Srinivasa Nagar 11th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Srinivasa Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Srinivasa Nagar 11th Street?

The Sub Registrar Office that covers Srinivasa Nagar 11th 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 determines the minimum value at which the property must be registered, ensuring that the transaction is documented accurately in the official records.

When a buyer purchases a property, the stamp duty and registration fees are calculated 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 Srinivasa Nagar 11th Street?

The current guideline value of Srinivasa Nagar 11th Street is Rs 4,400 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 4,400 per sq.ft in 2024. This marks an overall increase of 340% over the years.

What are the other streets in Kolathur with their guideline values?

Other streets in Kolathur include Srinivasa Nagar 10th Street at Rs 4,400 per sq.ft, Srinivasa Nagar 1st Cross Street at Rs 3,600 per sq.ft, and others, with values ranging from Rs 3,600 to Rs 4,400 per sq.ft.

What is the registration fee for properties in Srinivasa Nagar 11th Street?

The registration fee for properties is calculated at 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Where is the Sembiam Sub Registrar Office located?

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