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Guideline Value

Corporate

Guideline Value for Srinivasa Nagar 2nd Cross Street

₹3600/sq.ft.

The guideline value for Srinivasa Nagar 2nd Cross Street in Kolathur village (Sembiam SRO, Chennai zone) is Rs 3600 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2211 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3300 /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 2nd Cross Street

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Srinivasa Nagar 2nd Cross Street guideline value

The current guideline value of Srinivasa Nagar 2nd Cross Street is Rs 3,600 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 - II.

How the guideline value of Srinivasa Nagar 2nd Cross Street has changed

The guideline value for Srinivasa Nagar 2nd Cross Street has seen several revisions over the years. In 2007, the guideline value was set at Rs 1,000 per sq.ft. This figure increased significantly to Rs 3,300 per sq.ft in 2012, marking a 230% rise. However, it then dropped to Rs 2,211 per sq.ft in 2017, representing a decrease of 33%. The most recent revision in 2024 raised the value to Rs 3,600 per sq.ft, which is an increase of 63% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 260%.

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, and the guideline value for Srinivasa Nagar 2nd Cross Street is above this median.

Stamp duty and registration fee for property in Srinivasa Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty, charged at 7%, would amount to Rs 2,52,000, while the registration fee at 2% would be Rs 72,000. Together, the total cost for stamp duty and registration would be Rs 3,24,000. It is important 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 Srinivasa Nagar 2nd Cross Street?

The Sub Registrar Office that covers Srinivasa Nagar 2nd Cross 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 when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with legal requirements during property transactions. It also helps in assessing the financial implications of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar 2nd Cross Street?

The current guideline value of Srinivasa Nagar 2nd Cross Street is Rs 3,600 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 3,600 per sq.ft in 2024, reflecting an overall increase of 260% over this period.

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

Other streets in Kolathur include Srinivasa Nagar 2nd Main Road, Srinivasa Nagar 1st Street, Srinivasa Nagar 2nd Street, and others, all with a guideline value of Rs 4,400 per sq.ft in 2024, while Srinivasa Nagar 1st Cross Street matches the value of Rs 3,600 per sq.ft.

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 the registration of properties in the area.

How is stamp duty calculated for properties in Srinivasa Nagar 2nd Cross Street?

Stamp duty for properties in Srinivasa Nagar 2nd Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 2,52,000 based on the guideline value.