Guideline Value for CHINNA SEMBARAMBAKKAM STREET

Chinna Sembarambakkam Street guideline value

The current guideline value of Chinna Sembarambakkam Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Chinna Sembarambakkam Street has changed

The guideline value for Chinna Sembarambakkam Street has seen significant changes over the years. In 2003, the value was Rs 561 per sq.ft, which increased to Rs 800 per sq.ft in 2007. Following that, the value rose dramatically to Rs 4,000 per sq.ft in 2012, before decreasing to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft in 2023, and finally, it has reached Rs 4,300 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 666%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Chinna Sembarambakkam Street's 2024 figure of Rs 4,300 per sq.ft is above this median.

• Chinna Sembarambakkam Road: 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 Street

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, bringing the total to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chinna Sembarambakkam Street?

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

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

When buying or selling property in Perambur, the guideline value is a crucial factor in determining the stamp duty and registration fees. The value is set by the Registration Department and is used as a reference point for property transactions within the area.

It is important for buyers and sellers to be aware of the current guideline value, as it affects the overall costs associated with property transactions, including taxes and fees that must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Chinna Sembarambakkam Street?

The current guideline value of Chinna Sembarambakkam Street 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 changed from Rs 561 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 666% over this period.

What is the land classification for Chinna Sembarambakkam Street?

Chinna Sembarambakkam Street is classified as Residential Class II Type - I.

Which Sub Registrar Office handles registrations for this street?

The Purasaivakkam Sub Registrar Office handles registrations for Chinna Sembarambakkam Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Chinna Sembarambakkam Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 3,01,000.