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Guideline Value

Corporate

Guideline Value for Srinivasa Nagar 1st Main Road

₹4400/sq.ft.

The guideline value for Srinivasa Nagar 1st Main Road 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

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Srinivasa Nagar 1st Main Road guideline value

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

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

The guideline value for Srinivasa Nagar 1st Main Road has undergone several revisions over the years. The earliest revision recorded in 2007 set the value at Rs 1,000 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 4,000 per sq.ft, marking a 300% increase. However, from 2012 to 2023, there was no change, and the value remained at Rs 4,000 per sq.ft. In the latest revision for 2024, the guideline value increased by 10% to Rs 4,400 per sq.ft.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 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 that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing the 2024 figure for Srinivasa Nagar 1st Main Road above that median.

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

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 cost for these fees to Rs 3,96,000. It is important to note that the stamp duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers Srinivasa Nagar 1st Main Road 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 is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures that the correct fees are paid and helps in the smooth processing of property transactions. It is advisable to check the latest guideline values before engaging in any property dealings.

Frequently asked questions

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

The current guideline value of Srinivasa Nagar 1st Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 340%.

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

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

Where can I find the Sembiam Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the total stamp duty and registration fees would amount to Rs 3,96,000.