Guideline Value for SEMMOZHI NAGAR PART II

Semmozhi Nagar Part II guideline value

The current guideline value of Semmozhi Nagar Part II 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 II has changed

The guideline value for Semmozhi Nagar Part II has seen significant changes over the years. In the 2017 revision, the value was Rs 67 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 100 per sq.ft. With the 2024 revision, effective from 1 July 2024, the guideline value has been set at Rs 100 per sq.ft, reflecting a 49% increase from the 2017 figure.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The overall change from the 2017 revision to the 2024 revision is also a 49% increase, indicating a stable guideline value since 2023.

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 II's 2024 figure aligns with this median.

• Semmozhi Nagar Part III: Rs 100 per sq.ft (2024)
• Sakthi Sai Garden: Rs 100 per sq.ft (2024)
• Sai Saran Nagar: Rs 100 per sq.ft (2024)
• Sai Krishna Nagar: Rs 100 per sq.ft (2024)
• Royal Modern City Phase II: Rs 100 per sq.ft (2024)
• Sri Ragavendhra Nagar: Rs 111 per sq.ft (2024)

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

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

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

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

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

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as per the government’s assessment. This helps in maintaining transparency and consistency in property dealings.

Frequently asked questions

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

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

How has the guideline value changed over the years?

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

Are there any years without a guideline value for Semmozhi Nagar Part II?

Yes, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for Semmozhi Nagar Part II.

What are the stamp duty and registration fees for property in Semmozhi Nagar Part II?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office should I approach for property registration in Semmozhi Nagar Part II?

The Ponneri Sub Registrar Office is responsible for property registration in Semmozhi Nagar Part II, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.