Guideline Value for SEMBARAMBAKKAM ROAD

Sembarambakkam Road guideline value

The current guideline value of Sembarambakkam Road is Rs 3,200 per sq.ft, effective from 1 July 2024. This road is located in Perambur village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sembarambakkam Road has changed

The guideline value for Sembarambakkam Road has seen several revisions over the years. The earliest recorded value in 2002 was Rs 511 per sq.ft. This figure increased to Rs 561 per sq.ft in 2003, marking a 10% rise. The value then rose by 7% to Rs 600 per sq.ft in 2007. Following this, there was a significant increase of 400%, bringing the value to Rs 3,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 2,010 per sq.ft. The value then increased by 49% to Rs 3,000 per sq.ft in 2023, and finally, it rose by 7% to the current value of Rs 3,200 per sq.ft in 2024.

There are no figures recorded for the revisions in the years not mentioned in this timeline. The overall change from 2002 to 2024 reflects a substantial increase of 526% in the guideline value.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that have a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value among these streets is Rs 2,700 per sq.ft, placing Sembarambakkam Road's 2024 figure above this median.

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

Stamp duty and registration fee for property in Sembarambakkam Road

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, charged at 7%, would be Rs 2,24,000, while the registration fee at 2% would be Rs 64,000. Together, these fees total Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sembarambakkam Road?

The Sub Registrar Office that covers Sembarambakkam Road 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

The guideline value plays a crucial role in property transactions in Perambur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that all transactions are recorded accurately and transparently.

It is important for buyers and sellers to be aware of the current guideline value as it can significantly impact the overall cost of the transaction. Knowing the guideline value helps in understanding the financial obligations involved in property registration.

Frequently asked questions

What is the current guideline value of Sembarambakkam Road?

The current guideline value of Sembarambakkam Road 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 511 per sq.ft in 2002 to Rs 3,200 per sq.ft in 2024, reflecting an overall increase of 526%.

What is the land classification for Sembarambakkam Road?

The land classification for Sembarambakkam Road is Residential Class III Type - I.

Where is the Sub Registrar Office for Sembarambakkam Road 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 on Sembarambakkam Road?

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