Guideline Value for Engineer Sampath Garden

Engineer Sampath Garden guideline value

The current guideline value of Engineer Sampath Garden is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Engineer Sampath Garden has changed

Over the years, the guideline value of Engineer Sampath Garden has seen significant changes. The earliest recorded revision was in 2007, where the value was Rs 1,500 per sq.ft. This increased to Rs 3,000 per sq.ft in 2012, marking a 100% rise. However, the value then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 brought the value back up to Rs 3,000 per sq.ft, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a 120% increase in the guideline value for this street. The register does not include 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 guideline value for the village is Rs 4,400 per sq.ft, placing Engineer Sampath Garden's 2024 figure below this median.

• Elangovadikal Street: Rs 3,300 per sq.ft (2024)
• E.V.R. Periyar Street: Rs 3,300 per sq.ft (2024)
• East Mada Street: Rs 3,300 per sq.ft (2024)
• Durai Sampath Road: Rs 3,300 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)
• Dr.Ambedkar Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Engineer Sampath Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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 Engineer Sampath Garden?

The Engineer Sampath Garden area falls under the jurisdiction of 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 details.

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

The guideline value plays a crucial role in property transactions in Koyakbedu. It is used to determine the stamp duty and registration fees that must be paid when a property is registered. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. It is advisable for both parties to consult the latest guideline values to understand their financial obligations during the buying or selling process.

Frequently asked questions

What is the current guideline value of Engineer Sampath Garden?

The current guideline value of Engineer Sampath Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 120% over the years.

What is the registration office for Engineer Sampath Garden?

The registration office for Engineer Sampath Garden is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Engineer Sampath Garden?

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 33,00,000, the stamp duty would be Rs 2,31,000.

What is the range of guideline values in Koyakbedu?

The guideline values in Koyakbedu range from Rs 2,200 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft for 2024.