Guideline Value for SEMBARUTHI NAGAR

Sembaruthi Nagar guideline value

The current guideline value of Sembaruthi Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Melakottyur village and falls under the Gooduvancheri SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Sembaruthi Nagar has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This represents a significant increase of 49% to the current guideline value of Rs 1,500 per sq.ft established in the 2023 revision. The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, there was a notable increase in the guideline value, reflecting changes in the area's classification and market conditions. However, the absence of figures for earlier revisions indicates that the guideline value has not been consistently recorded for Sembaruthi Nagar.

Guideline values in Melakottyur

The guideline value for Sembaruthi Nagar is currently Rs 1,500 per sq.ft. There are no specific village figures available, and no other streets in Melakottyur are provided in the current data.

Stamp duty and registration fee for property in Sembaruthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sembaruthi Nagar?

The Sub Registrar Office that covers Sembaruthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Melakottyur

The guideline value plays a crucial role in the registration process when buying or selling property in Melakottyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers and sellers must be aware of these values to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Sembaruthi Nagar?

The current guideline value of Sembaruthi Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, marking a change of 49%.

Are there any guideline values for Sembaruthi Nagar in previous years?

The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for Sembaruthi Nagar. Only the 2017 and 2023 revisions have recorded values.

What is the stamp duty rate for properties in Sembaruthi Nagar?

The stamp duty rate for properties in Sembaruthi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.