Guideline Value for SEMATHAMMAL 3RD STREET

Semathammal 3rd Street guideline value

The current guideline value of Semathammal 3rd 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of Semathammal 3rd Street has changed

The guideline value for Semathammal 3rd 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 an increase of 8%. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a significant increase of 400%. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value then rose sharply to Rs 3,000 per sq.ft in 2023, and finally, it reached Rs 3,200 per sq.ft in 2024, an increase of 7%.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 473%.

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, with a median of Rs 2,700 per sq.ft. Semathammal 3rd Street's 2024 guideline value is above this median.

• Semathammal 2nd Street: Rs 3,200 per sq.ft (2024)
• Semathammal Colony All Streets: Rs 3,200 per sq.ft (2024)
• Semathammal 1st Street: 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value would be Rs 32,00,000. The stamp duty at 7% would amount to Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total to Rs 2,88,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Semathammal 3rd Street?

The Sub Registrar Office that covers Semathammal 3rd 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 is a crucial factor when registering property in Perambur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating these fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Semathammal 3rd Street?

The current guideline value of Semathammal 3rd 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, reflecting an overall increase of 473% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 32,00,000. The stamp duty would be Rs 2,24,000 and the registration fee would be Rs 64,000, totaling Rs 2,88,000.

Which office handles registrations for Semathammal 3rd Street?

The Purasaivakkam Sub Registrar Office handles registrations for Semathammal 3rd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Semathammal 3rd Street?

Semathammal 3rd Street is classified under Residential Class III Type - I.