Guideline Value for SRINIVASA PALMS @ SEMBARAMBAKKAM

Srinivasa Palms @ Sembarambakkam guideline value

The current guideline value for Srinivasa Palms @ Sembarambakkam is Rs 3,500 per sq.ft, effective from 1 July 2024. This property is located in Chembarambakkam village, under the Poonamallee SRO, and falls under the Residential Class III Type - III land classification.

How the guideline value of Srinivasa Palms @ Sembarambakkam has changed

In the 2024 revision, the guideline value for Srinivasa Palms @ Sembarambakkam is set at Rs 3,500 per sq.ft. The register has no figures for the years 2023, 2017, 2012, 2007, 2003, and 2002 for this street, indicating that the guideline value has not been updated in those years.

As there are no changes recorded between the revisions, the current figure remains the only available guideline value for this property. The 2024 figure is notably above the median guideline value of Rs 1,100 per sq.ft for the 64 streets in Chembarambakkam under the Poonamallee SRO.

Guideline values in Chembarambakkam

The guideline values for properties in Chembarambakkam range from Rs 550 to Rs 4,000 per sq.ft as per the 2024 revision. Srinivasa Palms @ Sembarambakkam, with a guideline value of Rs 3,500 per sq.ft, is positioned above the median value of Rs 1,100 per sq.ft.

• Sri Mahalakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Sri Sai Nagar: Rs 1,100 per sq.ft (2024)
• Sri Krishna Nagar: Rs 1,540 per sq.ft (2024)
• Sri Golden City J J Nagar: Rs 878 per sq.ft (2024)
• Spotlight: Rs 2,700 per sq.ft (2024)
• Spartan Enclave: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Palms @ Sembarambakkam

For a 1,000 sq.ft plot at the current rate of Rs 3,500 per sq.ft, the guideline value totals Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total cost to Rs 3,15,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Srinivasa Palms @ Sembarambakkam?

The Sub Registrar Office that covers Srinivasa Palms @ Sembarambakkam is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Chembarambakkam, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs in the transaction process.

It is important to be aware that the guideline value may differ from the actual sale price of the property. However, the stamp duty is charged based on the higher of the two amounts, ensuring that the appropriate fees are collected during the registration process.

Frequently asked questions

What is the current guideline value for Srinivasa Palms @ Sembarambakkam?

The current guideline value for Srinivasa Palms @ Sembarambakkam is Rs 3,500 per sq.ft, effective from 1 July 2024.

What is the land classification for Srinivasa Palms @ Sembarambakkam?

Srinivasa Palms @ Sembarambakkam falls under the Residential Class III Type - III land classification.

How has the guideline value changed over the years?

The guideline value has not changed since the 2024 revision, and there are no figures available for the years 2023, 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Chembarambakkam?

Other streets in Chembarambakkam have varying guideline values, ranging from Rs 550 to Rs 4,000 per sq.ft. For example, Sri Mahalakshmi Nagar and Sri Sai Nagar both have a guideline value of Rs 1,100 per sq.ft in 2024.

How is stamp duty calculated for properties in Srinivasa Palms @ Sembarambakkam?

Stamp duty for properties in Srinivasa Palms @ Sembarambakkam is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the total stamp duty would be Rs 2,45,000 based on the current guideline value.