Guideline Value for Srinivasa Nagar 4th Cross Street

Srinivasa Nagar 4th Cross Street guideline value

The current guideline value of Srinivasa Nagar 4th Cross Street is Rs 3,600 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 - II.

How the guideline value of Srinivasa Nagar 4th Cross Street has changed

The guideline value for Srinivasa Nagar 4th Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 1,000 per sq.ft. This figure saw a significant increase to Rs 3,300 per sq.ft in 2012, marking a change of +230%. The value remained unchanged at Rs 3,300 per sq.ft until the 2023 revision, where it increased to Rs 3,600 per sq.ft, a rise of +9%.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +260%. It is important to note that there are no figures available for the revisions in 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 Srinivasa Nagar 4th Cross Street's 2024 figure above that median.

• Srinivasa Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Srinivasa Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Srinivasa Nagar 5th Cross Street: Rs 3,600 per sq.ft (2024)
• Srinivasa Nagar 3rd Main Road: Rs 4,400 per sq.ft (2024)
• Srinivasa Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Srinivasa Nagar 3rd Cross Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar 4th 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 at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees to 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Nagar 4th Cross Street?

The Sub Registrar Office covering Srinivasa Nagar 4th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of transaction.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar 4th Cross Street?

The current guideline value of Srinivasa Nagar 4th 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 from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, marking an overall increase of +260%.

What is the median guideline value in Kolathur?

The median guideline value for the 879 streets in Kolathur under the Sembiam SRO is Rs 3,300 per sq.ft.

What are the stamp duty rates applicable in Srinivasa Nagar 4th Cross Street?

The stamp duty rate is 7% of the guideline value, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

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