Guideline Value for SAMANDIPPOO COLONY 2ND STREET

Samandippoo Colony 2nd Street guideline value

The current guideline value of Samandippoo Colony 2nd Street is Rs 2,700 per sq.ft. 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 2nd Street has changed

The guideline value for Samandippoo Colony 2nd Street has seen several revisions over the years. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure dropped to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, with the latest 2024 revision setting it at Rs 2,700 per sq.ft, reflecting an increase of 8% from the previous year.

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

Guideline values in Perambur

In Perambur, the guideline values vary across 1,114 streets under the Purasaivakkam SRO, with figures ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which aligns with the current value of Samandippoo Colony 2nd Street.

• Samandippoo Colony 1st Street: Rs 2,700 per sq.ft (2024)
• Samandippoo Colony 3rd Street: Rs 2,700 per sq.ft (2024)
• Samandippoo Colony: 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 2nd Street

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

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

Which Sub Registrar Office covers Samandippoo Colony 2nd Street?

The Sub Registrar Office that covers Samandippoo Colony 2nd 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 in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official valuation set by the Registration Department. This helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Samandippoo Colony 2nd Street?

The current guideline value of Samandippoo Colony 2nd Street is Rs 2,700 per sq.ft, effective from July 1, 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, marking an overall increase of 391% over the years.

What is the land classification of Samandippoo Colony 2nd Street?

Samandippoo Colony 2nd Street is classified as Residential Class III Type - II.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for Samandippoo Colony 2nd Street?

The Purasaivakkam Sub Registrar Office handles registrations for Samandippoo Colony 2nd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.