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Guideline Value

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Guideline Value for SEMMOZHI NAGAR PART III

₹100/sq.ft.

The guideline value for Semmozhi Nagar Part Iii in Devathanam village (Ponneri SRO, Chennai zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Devathanam

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Semmozhi Nagar Part Iii

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Semmozhi Nagar Part III guideline value

The current guideline value of Semmozhi Nagar Part III is Rs 100 per sq.ft. This area is located in Devathanam village and falls under the Ponneri SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Semmozhi Nagar Part III has changed

The guideline value for Semmozhi Nagar Part III has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 67 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 100 per sq.ft. In the latest 2024 revision, the guideline value remains at Rs 100 per sq.ft, indicating no change from the previous year.

In summary, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with a median value of Rs 100 per sq.ft. Semmozhi Nagar Part III's 2024 guideline value is equal to this median.

Stamp duty and registration fee for property in Semmozhi Nagar Part III

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. 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 Semmozhi Nagar Part III?

The Sub Registrar Office that covers Semmozhi Nagar Part III is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Devathanam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded at a value that reflects the official rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Semmozhi Nagar Part III?

The current guideline value of Semmozhi Nagar Part III is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What other streets have similar guideline values in Devathanam?

Other streets in Devathanam, such as Semmozhi Nagar Part II, Sakthi Sai Garden, Sai Saran Nagar, Sai Krishna Nagar, and Royal Modern City Phase II, all have a guideline value of Rs 100 per sq.ft in 2024.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles registrations for properties in Semmozhi Nagar Part III.

How is stamp duty calculated for properties in Semmozhi Nagar Part III?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 100 per sq.ft, the total stamp duty would be Rs 7,000.