Guideline Value for SEMATHAMMAL 2ND STREET

Semathammal 2nd Street guideline value

The current guideline value of Semathammal 2nd Street is Rs 3,200 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 III Type - I.

How the guideline value of Semathammal 2nd Street has changed

The guideline value for Semathammal 2nd Street has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 558 per sq.ft. This increased to Rs 600 per sq.ft in 2007, marking a significant rise of 8%. The value then surged dramatically to Rs 3,000 per sq.ft in 2012, reflecting a substantial increase of 400%. The guideline value remained unchanged at Rs 3,000 per sq.ft until 2023, when it rose to Rs 3,200 per sq.ft, a change of 7%. Overall, from 2003 to 2024, the guideline value has increased by 473%.

It is important to note that there are no figures available for the revisions in 2002 and 2017 for Semathammal 2nd Street.

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 guideline value in this village is Rs 2,700 per sq.ft, placing Semathammal 2nd Street's 2024 figure above that median.

• Semathammal 1st Street: Rs 3,200 per sq.ft (2024)
• Semathammal 3rd Street: Rs 3,200 per sq.ft (2024)
• Semathammal Colony All Streets: Rs 3,200 per sq.ft (2024)
• Semathammal Colony Street: Rs 3,200 per sq.ft (2024)
• Semathammal New Colony: Rs 3,200 per sq.ft (2024)
• Sembarambakkam Road: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Semathammal 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total to Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Semathammal 2nd Street?

The Sub Registrar Office that covers Semathammal 2nd Street 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 plays a crucial role in property transactions in Perambur. It is used to determine the stamp duty and registration fees when buying or selling property. This ensures that the government receives the appropriate revenue based on the assessed value of the property.

When a buyer or seller approaches the registration office, the guideline value is referenced to calculate the costs associated with the transaction. This means that understanding the guideline value is essential for anyone involved in real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Semathammal 2nd Street?

The current guideline value of Semathammal 2nd Street is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 558 per sq.ft in 2003 to Rs 3,200 per sq.ft in 2024, showing an overall increase of 473% across the years.

What is the land classification of Semathammal 2nd Street?

Semathammal 2nd Street is classified as Residential Class III Type - I.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Semathammal 2nd 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 Rs 3,200 per sq.ft, the total guideline value would be Rs 32,00,000, leading to a stamp duty of Rs 2,24,000.