Guideline Value for CHINNA SEMBARAMBAKKAM ROAD

Chinna Sembarambakkam Road guideline value

The current guideline value of Chinna Sembarambakkam Road is Rs 4,300 per sq.ft, effective from 1 July 2024. This road is located in Perambur village, under the Purasaivakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Chinna Sembarambakkam Road has changed

The guideline value for Chinna Sembarambakkam Road has undergone several revisions over the years. In 2002, the value was Rs 511 per sq.ft, which increased to Rs 561 per sq.ft in 2003. The value saw a significant rise to Rs 800 per sq.ft in 2007, followed by a jump to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017, before rising again to Rs 4,000 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 4,300 per sq.ft.

Between the revisions, notable changes include an increase of 8% from 2023 to 2024, and a substantial increase of 49% from 2017 to 2023. The period from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 400%. Overall, from 2002 to 2024, the guideline value has increased by 741%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Chinna Sembarambakkam Road above this median.

• Chinna Sembarambakkam Street: Rs 4,300 per sq.ft (2024)
• Chinnathambi Naicken Street: Rs 4,300 per sq.ft (2024)
• Chinnayya Mudali 1st Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 2nd Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 3rd Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 4th Cross Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Sembarambakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, totaling Rs 3,87,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Chinna Sembarambakkam Road?

The Sub Registrar Office that covers Chinna Sembarambakkam Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perambur

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When a property is registered, the guideline value is taken into account to ensure that the appropriate fees are calculated based on the higher of the guideline value or the sale price. This ensures compliance with the regulations set by the local authorities.

Frequently asked questions

What is the current guideline value of Chinna Sembarambakkam Road?

The current guideline value of Chinna Sembarambakkam Road is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 511 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024. Notable changes include an increase of 8% from 2023 to 2024 and a significant rise of 49% from 2017 to 2023.

What is the land classification for Chinna Sembarambakkam Road?

The land classification for Chinna Sembarambakkam Road is Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 43,00,000, the stamp duty would be Rs 3,01,000 and the registration fee would be Rs 86,000, totaling Rs 3,87,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chinna Sembarambakkam Road?

The Sub Registrar Office covering Chinna Sembarambakkam Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find more information about your SRO through the provided link.