Guideline Value for SEMMAN PETTAI 3RD STREET

Semman Pettai 3rd Street guideline value

The current guideline value of Semman Pettai 3rd Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Semman Pettai 3rd Street has changed

The guideline value for Semman Pettai 3rd Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,800 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in the 2012 revision, marking a 261% rise. However, in the 2017 revision, it decreased to Rs 4,355 per sq.ft, representing a decline of 33%. The value then rose to Rs 6,500 per sq.ft in the 2023 revision, showing a 49% increase. The current guideline value is Rs 7,100 per sq.ft from the 2024 revision, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for Semman Pettai 3rd Street. Overall, from 2007 to 2024, the guideline value has increased by 294%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing Semman Pettai 3rd Street's 2024 figure above this median.

• Semman Pettai 2nd Street: Rs 7,100 per sq.ft (2024)
• Semman Pettai Main Street: Rs 7,100 per sq.ft (2024)
• Semman Pettai 1st Street: Rs 7,100 per sq.ft (2024)
• Semman Pettai: Rs 7,100 per sq.ft (2024)
• Selvaperumal Puram Koil Street: Rs 4,400 per sq.ft (2024)
• Secretariat Colony Lane: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Semman Pettai 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 7,100 per sq.ft, the guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that the 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 Semman Pettai 3rd Street?

The Sub Registrar Office covering Semman Pettai 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 Purasaivakkam

The guideline value is a crucial factor when registering property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in the transaction process.

When buying or selling property, the guideline value influences the amount of stamp duty and registration fees that need to be paid. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Semman Pettai 3rd Street?

The current guideline value of Semman Pettai 3rd Street is Rs 7,100 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 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 294% over the years.

What is the land classification of Semman Pettai 3rd Street?

Semman Pettai 3rd Street is classified as Residential Class II Type - III. This classification is important for understanding the type of property and its usage in the area.

What are the other streets with the same guideline value in Purasaivakkam?

Other streets in Purasaivakkam with the same guideline value of Rs 7,100 per sq.ft include Semman Pettai 2nd Street, Semman Pettai Main Street, Semman Pettai 1st Street, and Semman Pettai itself.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles all registration activities for the area.