Guideline Value

Corporate

Guideline Value for Vanchinathan 1st Lane

₹1600/sq.ft.

The guideline value for Vanchinathan 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 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹392 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹357 /sq.ft.
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 Vanchinathan 1st Lane

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Vanchinathan 1st Lane guideline value

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

How the guideline value of Vanchinathan 1st Lane has changed

The guideline value of Vanchinathan 1st Lane has undergone several revisions over the years. In 2002, the value was Rs 357 per sq.ft, which increased to Rs 392 per sq.ft in 2003. The value saw a significant rise to Rs 1,000 per sq.ft in 2007, followed by an increase to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,600 per sq.ft.

Between the revisions, the changes were as follows: from 2002 to 2003, the increase was +10%; from 2003 to 2007, it rose by +155%; from 2007 to 2012, it decreased by -33%; from 2012 to 2017, it increased by +50%; from 2017 to 2023, there was a +49% rise; and finally, from 2023 to 2024, the increase was +7%. Overall, from 2002 to 2024, the guideline value has increased by +348%.

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, placing Vanchinathan 1st Lane's 2024 figure below this median.

Stamp duty and registration fee for property in Vanchinathan 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, making the total 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.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vanchinathan 1st Lane?

The Sub Registrar Office covering Vanchinathan 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 when registering property transactions in Siruvallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Vanchinathan 1st Lane?

The current guideline value of Vanchinathan 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 several times, starting from Rs 357 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024. There have been increases and decreases in various years, with an overall increase of +348% from 2002 to 2024.

What is the classification of Vanchinathan 1st Lane?

Vanchinathan 1st Lane is classified as Residential Class IV Type - I, indicating its designation for residential purposes within the area.

What are the stamp duty and registration fees for property in Vanchinathan 1st Lane?

For a plot of 1,000 sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles registrations for Vanchinathan 1st Lane?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Vanchinathan 1st Lane.