Guideline Value for SEMGIUNTHAR NAGAR

Semgiunthar Nagar guideline value

The current guideline value of Semgiunthar Nagar is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village under the Thiruttani SRO, and is classified as Residential Class III Type - I.

How the guideline value of Semgiunthar Nagar has changed

The guideline value for Semgiunthar Nagar has seen several revisions over the years. In 2017, the value was Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 825 per sq.ft, marking a 10% increase from the previous year. The overall change from 2017 to 2024 is a significant 64% increase.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. However, it is notable that the increase from 2017 to 2023 was 49%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft, with a median value of Rs 825 per sq.ft. Semgiunthar Nagar's 2024 value aligns with this median.

• Senthamil Nagar: Rs 770 per sq.ft (2024)
• Sekarvarma Nagar: Rs 825 per sq.ft (2024)
• Shanmugam Street: Rs 770 per sq.ft (2024)
• Shanthi Nagar: Rs 825 per sq.ft (2024)
• Sannadhi Street: Rs 1,100 per sq.ft (2024)
• Sandu Street: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Semgiunthar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. 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 for more details.

Which Sub Registrar Office covers Semgiunthar Nagar?

Semgiunthar Nagar falls under the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a property in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the value set by the Registration Department.

Frequently asked questions

What is the current guideline value of Semgiunthar Nagar?

The current guideline value of Semgiunthar Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification for Semgiunthar Nagar?

Semgiunthar Nagar is classified as Residential Class III Type - I, indicating its designation for residential development.

Where can I find the Thiruttani Sub Registrar Office?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 825 per sq.ft incurs a total cost of Rs 74,250 for stamp duty and registration fees.