Guideline Value for Ottraivadai Street / 40ft Road Anmai Don Bosco School

Ottraivadai Street / 40ft Road Anmai Don Bosco School guideline value

The current guideline value of Ottraivadai Street / 40ft Road Anmai Don Bosco School 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 Ottraivadai Street / 40ft Road Anmai Don Bosco School has changed

Over the years, the guideline value for Ottraivadai Street has seen significant changes. The 2007 revision set the value at Rs 800 per sq.ft, which then increased dramatically to Rs 2,500 per sq.ft in the 2012 revision, marking a 213% rise. However, the value decreased to Rs 1,675 per sq.ft in the 2017 revision, reflecting a 33% drop. The subsequent revisions saw a substantial increase, with the value rising to Rs 2,500 per sq.ft in 2023 and finally reaching Rs 2,700 per sq.ft in 2024, an 8% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 238%.

Guideline values in Sembiam

Sembiam village has a total of 250 streets under the Sembiam SRO, with guideline values ranging from Rs 1,700 to Rs 7,100 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current value of Ottraivadai Street.

• Ottraivadai Street: Rs 1,700 per sq.ft (2024)
• Pallavan Street: Rs 2,700 per sq.ft (2024)
• Pandiyan Street: Rs 2,700 per sq.ft (2024)
• Paper Mills Road: Rs 7,100 per sq.ft (2024)
• Pavazha Kalyana Sundara Mudaliyar Road: Rs 1,900 per sq.ft (2024)
• Periya Palayathamman Koil Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ottraivadai Street / 40ft Road Anmai Don Bosco School

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

To calculate your own fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ottraivadai Street / 40ft Road Anmai Don Bosco School?

The Sub Registrar Office that covers Ottraivadai 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 an essential factor in property transactions in Sembiam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these fees are based on a standardized valuation.

It is important for buyers and sellers to be aware of the current guideline value, as it can impact the overall costs involved in a property transaction. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ottraivadai Street?

The current guideline value of Ottraivadai Street / 40ft Road Anmai Don Bosco School 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 significantly, from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting a total increase of 238% over this period.

What is the land classification for Ottraivadai Street?

Ottraivadai Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles registrations for properties in the area.

How is stamp duty calculated on property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. It is important to consider this when budgeting for property transactions.