Guideline Value

Corporate

Guideline Value for Srinivasa Nagar 3rd Main Road

₹4400/sq.ft.

The guideline value for Srinivasa Nagar 3rd 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 3rd Main Road

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Srinivasa Nagar 3rd Main Road guideline value

The current guideline value of Srinivasa Nagar 3rd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Kolathur village under the Sembiam SRO, classified as Residential Special Type - I.

How the guideline value of Srinivasa Nagar 3rd Main Road has changed

Over the years, the guideline value of Srinivasa Nagar 3rd Main Road has seen significant changes. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2012 revision. This marked a substantial increase of 300%. 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.

Overall, from the 2007 revision to the current 2024 value, there has been a 340% increase. 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 guideline values for 2024 ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, making the current value of Rs 4,400 per sq.ft for Srinivasa Nagar 3rd Main Road above the median.

Stamp duty and registration fee for property in Srinivasa Nagar 3rd 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 would be 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 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 3rd Main Road?

The Sub Registrar Office covering Srinivasa Nagar 3rd Main Road 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 is a crucial factor when registering property transactions in Kolathur. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the value of the property as determined by the local authorities. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar 3rd Main Road?

The current guideline value of Srinivasa Nagar 3rd Main Road 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, marking 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 3rd Cross Street at Rs 3,600 per sq.ft, Srinivasa Nagar 3rd Street at Rs 4,400 per sq.ft, and several others, with values ranging from Rs 3,600 to Rs 4,400 per sq.ft.

What is the stamp duty for property in Srinivasa Nagar 3rd Main Road?

The stamp duty for a property valued at Rs 44,00,000 is calculated at 7%, amounting to Rs 3,08,000. Additionally, the registration fee is 2%, which is Rs 88,000.

Which office handles property registrations for Srinivasa Nagar 3rd Main Road?

The Sembiam Sub Registrar Office handles property registrations for Srinivasa Nagar 3rd Main Road, located at 5, Papermills Road, Sembiam, Chennai - 600011.