Guideline Value for SAMA RIYAS NAGAR

Sama Riyas Nagar guideline value

The current guideline value of Sama Riyas Nagar is Rs 879 per sq.ft, effective from 1 July 2024. This area is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Special Type - IV.

How the guideline value of Sama Riyas Nagar has changed

The guideline value for Sama Riyas Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and then to Rs 879 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO carrying a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Sama Riyas Nagar is below this median.

• Sakthi Koil Street: Rs 1,320 per sq.ft (2024)
• Santhom Nagar: Rs 879 per sq.ft (2024)
• Rathis Paradise: Rs 879 per sq.ft (2024)
• Sera Sabarathinam Street: Rs 1,100 per sq.ft (2024)
• Siddi Vinayagar Kovil Street: Rs 1,320 per sq.ft (2024)
• Sir.C.V.Raman Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sama Riyas Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,79,000. The stamp duty at 7% would be Rs 61,530, and the registration fee at 2% would be Rs 17,580, totaling Rs 79,110. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sama Riyas Nagar?

The Sub Registrar Office that covers Sama Riyas Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Periyakuppam. It determines the minimum value at 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 serves as a benchmark for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications of the transaction, including the associated fees and taxes.

Frequently asked questions

What is the current guideline value of Sama Riyas Nagar?

The current guideline value of Sama Riyas Nagar is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 879 per sq.ft in 2024.

What is the stamp duty for property in Sama Riyas Nagar?

The stamp duty for property in Sama Riyas Nagar is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 61,530.

Where can I find the Sub Registrar Office for Sama Riyas Nagar?

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

What is the land classification for Sama Riyas Nagar?

Sama Riyas Nagar is classified as Residential Special Type - IV, which is relevant for determining the guideline value and property regulations.