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Guideline Value

Corporate

Guideline Value for Sundara Vinayagar Koil 1st Lane

₹1600/sq.ft.

The guideline value for Sundara Vinayagar Koil 1st Lane in Siruvallur village (Sembiam SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Siruvallur

Village

Sembiam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /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 Sundara Vinayagar Koil 1st Lane

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Sundara Vinayagar Koil 1st Lane guideline value

The current guideline value of Sundara Vinayagar Koil 1st Lane is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Siruvallur village under the Sembiam SRO, classified as Residential Class IV Type - I.

How the guideline value of Sundara Vinayagar Koil 1st Lane has changed

The guideline value for Sundara Vinayagar Koil 1st Lane has seen several revisions over the years. The 2007 revision set the value at Rs 800 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017, followed by a significant increase to Rs 1,500 per sq.ft in 2023. The latest revision in 2024 raised the guideline value to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 100%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,900 per sq.ft, which means that the 2024 figure for Sundara Vinayagar Koil 1st Lane is below the median.

Stamp duty and registration fee for property in Sundara Vinayagar Koil 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, resulting in a total of Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sundara Vinayagar Koil 1st Lane?

The Sub Registrar Office that covers Sundara Vinayagar Koil 1st Lane 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 Siruvallur

The guideline value is a crucial factor during the registration of properties in Siruvallur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property transaction occurs, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate fees based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Sundara Vinayagar Koil 1st Lane?

The current guideline value of Sundara Vinayagar Koil 1st Lane is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 100% over the years.

What is the stamp duty rate for properties in Sundara Vinayagar Koil 1st Lane?

The stamp duty rate for properties in Sundara Vinayagar Koil 1st Lane is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sundara Vinayagar Koil 1st Lane located?

The Sub Registrar Office for Sundara Vinayagar Koil 1st Lane is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value determined for properties in Siruvallur?

The guideline value for properties in Siruvallur is determined by the Registration Department and is based on various factors, including land classification and market conditions.