Guideline Value for Srinivasa Nagar 9th Street

Srinivasa Nagar 9th Street guideline value

The current guideline value of Srinivasa Nagar 9th Street is Rs 4,400 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 - I.

How the guideline value of Srinivasa Nagar 9th Street has changed

In the 2007 revision, the guideline value was set 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% change. The 2023 revision maintained this value at Rs 4,000 per sq.ft, and then in the 2024 revision, it increased by 10% to reach Rs 4,400 per sq.ft.

The revisions for the years 2017, 2003, and 2002 have no figures recorded for Srinivasa Nagar 9th Street in the register. Overall, from 2007 to 2024, the guideline value has increased by 340%.

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 for Srinivasa Nagar 9th Street is above this median.

• Srinivasa Nagar 8th Street: Rs 4,400 per sq.ft (2024)
• Srinivasa Nagar 7th Street: Rs 4,400 per sq.ft (2024)
• Srinivasa Nagar 7th Cross Street: Rs 3,600 per sq.ft (2024)
• Srinivasa Nagar 6th Street: Rs 4,400 per sq.ft (2024)
• Srinivasa Nagar 6th Cross Street: Rs 3,600 per sq.ft (2024)
• Srinivasa Nagar 5th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar 9th Street

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 amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Srinivasa Nagar 9th Street?

The Sub Registrar Office that covers Srinivasa Nagar 9th 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 is a crucial factor in property transactions in Kolathur. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of a property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for calculating various fees. It is essential to refer to the latest figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar 9th Street?

The current guideline value of Srinivasa Nagar 9th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much 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 a total increase of 340% over the years.

What is the land classification for Srinivasa Nagar 9th Street?

Srinivasa Nagar 9th Street is classified as 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 is the stamp duty calculated for properties in Srinivasa Nagar 9th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.