Guideline Value for Sembaruthi Nagar

Sembaruthi Nagar guideline value

The current guideline value of Sembaruthi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thiruvallur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Sembaruthi Nagar has changed

Over the years, the guideline value of Sembaruthi Nagar has seen significant changes. In 2007, the guideline value was Rs 200 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, it decreased to Rs 670 per sq.ft, reflecting a decline of 33%. In 2017, the value rose to Rs 1,000 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

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 450%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Sembaruthi Nagar.

• Sembaruthi Cross Street: Rs 550 per sq.ft (2024)
• Seran Street: Rs 1,100 per sq.ft (2024)
• Seerisabaratinam Street: Rs 1,100 per sq.ft (2024)
• Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Sir.C.V Raman Corss Street: Rs 1,100 per sq.ft (2024)
• Sir.C.V Raman Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sembaruthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 Sembaruthi Nagar?

The Sub Registrar Office covering Sembaruthi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Thiruvallur. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value to accurately assess the financial implications of their property transactions. This helps in understanding the costs involved in the registration process and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sembaruthi Nagar?

The current guideline value of Sembaruthi Nagar is Rs 1,100 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 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification of Sembaruthi Nagar?

Sembaruthi Nagar is classified as Residential Class I Type - III under the current regulations.

Where can I find the Sub Registrar Office for Sembaruthi Nagar?

The Sub Registrar Office for Sembaruthi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is the stamp duty calculated for properties in Sembaruthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000, leading to a stamp duty of Rs 77,000.