Guideline Value for Semathamman Nagar sector II

Semathamman Nagar sector II guideline value

The current guideline value of Semathamman Nagar sector II 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 street is Residential Class II Type - II.

How the guideline value of Semathamman Nagar sector II has changed

The guideline value for Semathamman Nagar sector II has undergone several revisions over the years. The earliest recorded figure was Rs 1,200 per sq.ft in 2007, which increased significantly to Rs 4,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft. The subsequent revisions saw a rise, with the value reaching Rs 4,500 per sq.ft in 2023, and finally, the current rate of Rs 4,900 per sq.ft from the 2024 revision, reflecting a 9% increase from the previous year.

Overall, the guideline value has increased by 308% from the 2007 revision to the 2024 revision. The changes between the revisions are notable, such as a 49% increase from 2017 to 2023 and a 275% increase from 2007 to 2012. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village has a range of guideline values across its 270 streets under the AnnaNagar SRO, with figures for 2024 ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, placing Semathamman Nagar sector II's 2024 figure above this median.

• Semathamman Nagar Sector I: Rs 4,900 per sq.ft (2024)
• Semathamman Nagar Sector III: Rs 4,900 per sq.ft (2024)
• Semathamman Nagar: 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 II

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

You can use the stamp duty and registration fee calculator for more accurate estimates based on your property details.

Which Sub Registrar Office covers Semathamman Nagar sector II?

The Sub Registrar Office that covers Semathamman Nagar sector II is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Koyakbedu, as it determines the minimum value at which a property can be registered. Buyers and sellers often reference this value to ensure compliance with local regulations and to calculate the associated fees.

When registering a property, the guideline value is used to assess the stamp duty and registration fees. These fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Semathamman Nagar sector II?

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

How has the guideline value changed over the years?

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

What is the land classification for Semathamman Nagar sector II?

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

Where can I find the Sub Registrar Office for Semathamman Nagar sector II?

The Sub Registrar Office for Semathamman Nagar sector II 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 II?

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