Guideline Value for SEMATHAMMAL COLONY ALL STREETS

Semathammal Colony All Streets guideline value

The current guideline value for Semathammal Colony All Streets is Rs 3,200 per sq.ft, effective from 1 July 2024. This area is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Semathammal Colony All Streets has changed

The guideline value for Semathammal Colony All Streets has seen significant changes over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, this value decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value then surged to Rs 3,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,200 per sq.ft in 2024, representing a 7% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 433%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, placing Semathammal Colony All Streets above this median.

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

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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Semathammal Colony All Streets?

The Sub Registrar Office that covers Semathammal Colony All Streets 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 property transactions in Perambur, as it determines the minimum value at which a property can be registered. When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. The guideline value serves as a reference point for both parties, facilitating a transparent and fair process during property registration.

Frequently asked questions

What is the current guideline value for Semathammal Colony All Streets?

The current guideline value for Semathammal Colony All Streets 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 significantly from Rs 600 per sq.ft in 2007 to Rs 3,200 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Semathammal Colony All Streets?

The registration office for Semathammal Colony All Streets is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Semathammal Colony?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 32,00,000, the stamp duty would be Rs 2,24,000.

What is the land classification for Semathammal Colony All Streets?

Semathammal Colony All Streets is classified as Residential Class III Type - I, which indicates its suitability for residential development.