Guideline Value for MAYOR SAMPANDAM STREET

Mayor Sampandam Street guideline value

The current guideline value of Mayor Sampandam Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Mayor Sampandam Street has changed

The guideline value for Mayor Sampandam Street has seen several revisions over the years. In 2002, the value was Rs 795 per sq.ft, which increased to Rs 873 per sq.ft in 2003. The value then rose significantly to Rs 1,300 per sq.ft in 2007, followed by a substantial jump to Rs 4,300 per sq.ft in 2012. However, it decreased to Rs 2,881 per sq.ft in 2017, before climbing to Rs 4,300 per sq.ft in 2023, and finally reaching Rs 4,600 per sq.ft in 2024.

Between the revisions, there were notable changes. From 2002 to 2024, the overall increase was +479%. The most significant change occurred from 2007 to 2012 with a +231% increase, while the value dropped by -33% from 2012 to 2017. The most recent change from 2023 to 2024 saw an increase of +7%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with a 2024 guideline value range from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Mayor Sampandam Street's 2024 figure below that median.

• Meenakshi Nagar: Rs 3,300 per sq.ft (2024)
• Mariamman Koil Street: Rs 4,600 per sq.ft (2024)
• Mannar Mudali 2nd Street: Rs 5,800 per sq.ft (2024)
• Mannar Mudali 1st Street: Rs 5,800 per sq.ft (2024)
• METTU STREET (or) PALANI ANDAVAR KOIL STREET: Rs 5,800 per sq.ft (2024)
• Mangala Nagar: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Mayor Sampandam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, while the registration fee at 2% would be Rs 92,000, bringing the total costs together to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mayor Sampandam Street?

The Sub Registrar Office that covers Mayor Sampandam Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

When buying or selling property in Puliyur, the guideline value is essential for determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the correct amount is paid during the registration process.

It is crucial for buyers and sellers to be aware of the current guideline value as it directly impacts the financial aspects of property transactions. Understanding these values helps in making informed decisions when engaging in real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Mayor Sampandam Street?

The current guideline value of Mayor Sampandam Street is Rs 4,600 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 795 per sq.ft in 2002 to Rs 4,600 per sq.ft in 2024, with various increases and one decrease noted in the revisions.

What is the range of guideline values in Puliyur?

The guideline values in Puliyur range from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft for the 2024 revisions.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 46,00,000, the stamp duty would be Rs 3,22,000 and the registration fee would be Rs 92,000, totaling Rs 4,14,000.

Where is the Sub Registrar Office for Mayor Sampandam Street located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, covering Mayor Sampandam Street.