Guideline Value for Semathamman Nagar Sector I

Semathamman Nagar Sector I guideline value

The current guideline value of Semathamman Nagar Sector I is Rs 4,900 per sq.ft, effective from 1 July 2024. This area is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this sector is Residential Class II Type - II.

How the guideline value of Semathamman Nagar Sector I has changed

The guideline value for Semathamman Nagar Sector I has undergone several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 275%. However, it then decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase again to Rs 4,500 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, an increase of 9% from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 308%.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, positioning Semathamman Nagar Sector I's 2024 figure above this median.

• Semathamman Nagar: Rs 4,900 per sq.ft (2024)
• Semathamman Nagar sector II: Rs 4,900 per sq.ft (2024)
• Semathamman Nagar Sector III: Rs 4,900 per sq.ft (2024)
• School Street: Rs 4,400 per sq.ft (2024)
• Sayee Nagar Ist Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar Ist Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Semathamman Nagar Sector I

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Semathamman Nagar Sector I?

The Sub Registrar Office that covers Semathamman Nagar Sector I is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when buying or selling property in Koyakbedu, as it determines the stamp duty and registration fees payable during the transaction. When registering a property, the guideline value is used to calculate these fees, ensuring that they are based on an official valuation rather than the sale price.

Buyers and sellers should be aware that the guideline value can vary significantly between different streets in Koyakbedu. Therefore, it is advisable to check the specific guideline value for the property in question to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Semathamman Nagar Sector I?

The current guideline value of Semathamman Nagar Sector I is Rs 4,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, an overall increase of 308%.

What is the land classification for Semathamman Nagar Sector I?

The land classification for Semathamman Nagar Sector I is Residential Class II Type - II.

Where can I find the registration office for Semathamman Nagar Sector I?

The registration office for Semathamman Nagar Sector I is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Semathamman Nagar Sector I?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at a rate of 7%.