Guideline Value

Corporate

Guideline Value for Vinobaba Nagar

₹2200/sq.ft.

The guideline value for Vinobaba Nagar in Kolathur village (Sembiam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹281 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹259 /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 Vinobaba Nagar

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Vinobaba Nagar guideline value

The current guideline value of Vinobaba Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Vinobaba Nagar has changed

The guideline value for Vinobaba Nagar has seen several revisions over the years. In the 2002 revision, the value was Rs 259 per sq.ft. This increased to Rs 281 per sq.ft in 2003, marking an 8% rise. The value continued to grow significantly, reaching Rs 700 per sq.ft in 2007, which was a 149% increase from the previous revision. The 2012 revision saw a decrease to Rs 2,000 per sq.ft, a drop of 33% from 2017's figure of Rs 1,340 per sq.ft. The value then rose to Rs 2,000 per sq.ft in 2012, before increasing to Rs 2,200 per sq.ft in 2023, which was a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. The current value of Rs 2,200 per sq.ft in 2024 represents an overall increase of 749% from the 2002 revision.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with 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 Vinobaba Nagar is below this median.

Stamp duty and registration fee for property in Vinobaba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Vinobaba Nagar?

The Sub Registrar Office that covers Vinobaba Nagar 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 during property registration in Kolathur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. Buyers should be aware that the stamp duty and registration fees will be calculated based on the higher of the guideline value or the agreed sale price.

Frequently asked questions

What is the current guideline value of Vinobaba Nagar?

The current guideline value of Vinobaba Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 259 per sq.ft to Rs 2,200 per sq.ft in 2024, representing a total increase of 749%.

What is the registration office for Vinobaba Nagar?

The registration office for Vinobaba Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for property in Vinobaba Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,54,000 based on the current guideline value.

What are the other streets in Kolathur with similar guideline values?

Other streets in Kolathur with a guideline value of Rs 2,200 per sq.ft include Vinobha Nagar 1st Street, Vinayagar Koil Street, Vivekananda Street (Ramakrishna Nagar), Vivekanandha Nagar, and Vivek Nagar. Vinayagar Colony has a higher value of Rs 2,700 per sq.ft.