Guideline Value for SAMANDIPPOO COLONY 1ST STREET

Samandippoo Colony 1st Street guideline value

The current guideline value of Samandippoo Colony 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Samandippoo Colony 1st Street has changed

Over the years, the guideline value of Samandippoo Colony 1st Street has seen significant changes. In the 2007 revision, the value was Rs 550 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 355%. However, the value then decreased to Rs 1,675 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision set the guideline value at Rs 2,500 per sq.ft, which was followed by an increase to Rs 2,700 per sq.ft in the 2024 revision, an 8% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 391%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the 2024 guideline value of Samandippoo Colony 1st Street.

• Samandippoo Colony: Rs 2,700 per sq.ft (2024)
• Samandippoo Colony 2nd Street: Rs 2,700 per sq.ft (2024)
• Samandippoo Colony 3rd Street: Rs 2,700 per sq.ft (2024)
• Samandippoo Colony 4th Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 7th Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 6th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Samandippoo Colony 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Samandippoo Colony 1st Street?

The Sub Registrar Office that covers Samandippoo Colony 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded at a fair value.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. This ensures transparency in property dealings and helps in maintaining accurate records in the registration department.

Frequently asked questions

What is the current guideline value of Samandippoo Colony 1st Street?

The current guideline value of Samandippoo Colony 1st Street is Rs 2,700 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 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, with various fluctuations in between.

What is the land classification of Samandippoo Colony 1st Street?

Samandippoo Colony 1st Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Samandippoo Colony 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.