Guideline Value for Sembakkam Cross Street

Sembakkam Cross Street guideline value

The current guideline value of Sembakkam Cross Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Sembakkam Cross Street has changed

The guideline value of Sembakkam Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which was then reduced to Rs 871 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,300 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,400 per sq.ft, marking an 8% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Sembakkam Cross Street is below this median.

• Sembakkam Main Road: Rs 1,400 per sq.ft (2024)
• Senthil Avenue: Rs 2,200 per sq.ft (2024)
• Senthil Avenue 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Senthil Avenue 1st Main Road: Rs 2,200 per sq.ft (2024)
• Senthil Avenue 1st Street: Rs 2,200 per sq.ft (2024)
• Senthil Avenue 2nd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sembakkam Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sembakkam Cross Street?

The Sub Registrar Office that covers Sembakkam Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Chembakkam, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the legal requirements. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sembakkam Cross Street?

The current guideline value of Sembakkam Cross Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024, reflecting an 8% increase. It was Rs 871 per sq.ft in 2017 and has increased by 49% to reach the 2023 figure.

What is the median guideline value for streets in Chembakkam?

The median guideline value for streets in Chembakkam is Rs 2,200 per sq.ft. Sembakkam Cross Street's guideline value is below this median.

What are the stamp duty and registration fees for property in Sembakkam Cross Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 1,400 per sq.ft, the total fees would amount to Rs 1,26,000.

Where is the Sub Registrar Office for Sembakkam Cross Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.