Guideline Value for K.K. Sami Street

K.K. Sami Street guideline value

The current guideline value of K.K. Sami Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of K.K. Sami Street has changed

The guideline value for K.K. Sami Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which was then increased to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 raised it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for K.K. Sami Street in the revisions from 2002, 2003, 2007, and 2012. The significant changes between the revisions include a 49% increase from 2017 to 2023, showcasing the upward trend in the guideline value over the years.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. K.K. Sami Street's 2024 figure is below this median.

• Kirubananda Variyar Street: Rs 1,100 per sq.ft (2024)
• Kavulbazaar Main Road: Rs 2,200 per sq.ft (2024)
• Krishandas Street: Rs 1,100 per sq.ft (2024)
• Kattabomman Street: Rs 1,320 per sq.ft (2024)
• Karpaga Vinayagar Koil Street: Rs 1,100 per sq.ft (2024)
• Karnan Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in K.K. Sami Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. Note that 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 details.

Which Sub Registrar Office covers K.K. Sami Street?

K.K. Sami Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Pozhichalur. It serves as the minimum value for which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is assessed to determine the applicable taxes. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of K.K. Sami Street?

The current guideline value of K.K. Sami Street 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 increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty rate for properties in K.K. Sami Street?

The stamp duty rate for properties in K.K. Sami Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for K.K. Sami Street?

The Sub Registrar Office for K.K. Sami Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What other streets have similar guideline values in Pozhichalur?

Other streets in Pozhichalur with similar guideline values include Kirubananda Variyar Street and Krishandas Street, both at Rs 1,100 per sq.ft in 2024.