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Guideline Value

Corporate

Guideline Value for Thillainayagam Pillai 4th Street

₹2700/sq.ft.

The guideline value for Thillainayagam Pillai 4th Street in Sembiam village (Sembiam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sembiam

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /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 Thillainayagam Pillai 4th Street

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Thillainayagam Pillai 4th Street guideline value

The current guideline value of Thillainayagam Pillai 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thillainayagam Pillai 4th Street has changed

The guideline value for Thillainayagam Pillai 4th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 900 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 178%. However, the value then decreased to Rs 1,675 per sq.ft in 2017, representing a decline of 33%. The value saw a substantial increase to Rs 2,500 per sq.ft in 2023, and then it rose again to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is the same as the current guideline value for Thillainayagam Pillai 4th Street.

Stamp duty and registration fee for property in Thillainayagam Pillai 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thillainayagam Pillai 4th Street?

The Sub Registrar Office that covers Thillainayagam Pillai 4th 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 Sembiam

The guideline value is a crucial factor in the property registration process in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers and sellers should ensure they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Thillainayagam Pillai 4th Street?

The current guideline value of Thillainayagam Pillai 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024. Overall, the value has increased by 200% from Rs 900 per sq.ft in 2007 to the current value.

What are the other streets in Sembiam with the same guideline value?

Other streets in Sembiam that have the same guideline value of Rs 2,700 per sq.ft include Thillainayagam Pillai 1st Street, Thillainayagam Pillai 2nd Street, Thillainayagam Pillai 3rd Street, Thillainayagam Pillai 5th Street, Thillainayagam Pillai 6th Street, and Thilaiyadi Valliammai Street.

What are the stamp duty and registration fees for a property in Thillainayagam Pillai 4th Street?

For a property of 1,000 sq.ft at the guideline value of Rs 2,700 per sq.ft, the total guideline value is Rs 27,00,000. The stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registrations for Thillainayagam Pillai 4th Street?

The Sembiam Sub Registrar Office handles property registrations for Thillainayagam Pillai 4th Street. It is located at 5, Papermills Road, Sembiam, Chennai - 600011.