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Guideline Value

Corporate

Guideline Value for Srinivasa Nagar 1st Main Road (Part)

₹4400/sq.ft.

The guideline value for Srinivasa Nagar 1st Main Road (part) 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 1st Main Road (part)

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Srinivasa Nagar 1st Main Road (Part) guideline value

The current guideline value of Srinivasa Nagar 1st Main Road (Part) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Srinivasa Nagar 1st Main Road (Part) has changed

Over the years, the guideline value of Srinivasa Nagar 1st Main Road (Part) 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 2012, marking a 300% rise. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, which raised it to Rs 4,400 per sq.ft, reflecting a 10% increase.

From 2007 to 2024, the overall increase in guideline value is 340%. It is important to note that the register has no figures for this street in the years 2002, 2003, and 2017.

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 of Rs 4,400 per sq.ft for Srinivasa Nagar 1st Main Road (Part) is above this median.

Stamp duty and registration fee for property in Srinivasa Nagar 1st Main Road (Part)

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. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Nagar 1st Main Road (Part)?

The Sub Registrar Office that covers Srinivasa Nagar 1st Main Road (Part) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kolathur

The guideline value plays a crucial role in the registration of property transactions in Kolathur. It is used to determine the stamp duty and registration fees that must be paid during the buying or selling process. This ensures that the transaction is recorded accurately and complies with the legal requirements.

When a property is sold, the guideline value is considered to ensure that the transaction reflects the market conditions and is in line with the established rates for the area. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar 1st Main Road (Part)?

The current guideline value of Srinivasa Nagar 1st Main Road (Part) 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 changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 340%.

What is the land classification for Srinivasa Nagar 1st Main Road (Part)?

The land classification for Srinivasa Nagar 1st Main Road (Part) is Residential Special Type - I.

What are the other guideline values in Kolathur?

Other streets in Kolathur have varying guideline values. For example, Srinivasa Nagar 1st Cross Street is Rs 3,600 per sq.ft, while several other streets also have a value of Rs 4,400 per sq.ft.

Where is the Sub Registrar Office for Srinivasa Nagar 1st Main Road (Part)?

The Sub Registrar Office for Srinivasa Nagar 1st Main Road (Part) is located at 5, Papermills Road, Sembiam, Chennai - 600011.