Guideline Value for Semathamman Nagar

Semathamman Nagar guideline value

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

How the guideline value of Semathamman Nagar has changed

The guideline value of Semathamman Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it then decreased to Rs 3,015 per sq.ft in 2017. The value saw a substantial rise to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 4,900 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it has risen by 9%. Overall, from 2007 to 2024, the guideline value has increased by 308%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO 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, making the Semathamman Nagar guideline value above this median.

• Semathamman Nagar Sector I: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the guideline value totals 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, making the total 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Semathamman Nagar?

The Sub Registrar Office that covers Semathamman Nagar 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 plays a crucial role in the registration process when buying or selling property in Koyakbedu. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Semathamman Nagar?

The current guideline value of Semathamman Nagar 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 significantly from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 308% over the years.

What is the stamp duty rate for properties in Semathamman Nagar?

The stamp duty rate for properties in Semathamman Nagar is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Semathamman Nagar located?

The Sub Registrar Office for Semathamman Nagar is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What are the guideline values for other streets in Koyakbedu?

Other streets in Koyakbedu have varying guideline values, with rates ranging from Rs 2,200 to Rs 16,500 per sq.ft. For example, School Street has a guideline value of Rs 4,400 per sq.ft, while Sayee Nagar Ist Street is valued at Rs 5,500 per sq.ft.