Guideline Value for Semathammal Santhu

Semathammal Santhu guideline value

The current guideline value of Semathammal Santhu is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Siruvallur village, under the Sembiam Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Semathammal Santhu has changed

The guideline value for Semathammal Santhu has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft. It increased significantly to Rs 1,800 per sq.ft in 2012, followed by a decrease to Rs 1,206 per sq.ft in 2017. The value then rose to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,900 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 6% increase. Overall, from 2007 to 2024, the guideline value has risen by 90%.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft, with the median value being Rs 1,900 per sq.ft. Semathammal Santhu's 2024 figure aligns with this median.

• Siruvallur High Road: Rs 3,900 per sq.ft (2024)
• Siruvallur Road Beer Shop Lane: Rs 1,900 per sq.ft (2024)
• Sivagami Amman Street: Rs 1,900 per sq.ft (2024)
• Sivagami Street: Rs 2,700 per sq.ft (2024)
• Sangara Madam Street: Rs 2,200 per sq.ft (2024)
• Soma Ramasamy 1st Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Semathammal Santhu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Semathammal Santhu?

The Sub Registrar Office covering Semathammal Santhu is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration process when buying or selling property in Siruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these charges are based on the official valuation rather than the sale price alone.

When engaging in property transactions, it is essential to be aware of the guideline value as it influences the overall costs involved in the registration process. Buyers and sellers should consult the latest figures to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Semathammal Santhu?

The current guideline value of Semathammal Santhu is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 1,000 per sq.ft in 2007, increasing to Rs 1,800 in 2012, and fluctuating to Rs 1,206 in 2017. It then rose to Rs 1,800 in 2023 and is currently Rs 1,900 per sq.ft in 2024.

What is the land classification for Semathammal Santhu?

Semathammal Santhu is classified as Residential Class III Type - I, which defines the type of development and usage permitted in this area.

Where can I find more information about the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find more details about this office through the relevant online resources.

How is stamp duty calculated for properties in Semathammal Santhu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000.