Guideline Value for SAMANDIPPOO COLONY 3RD STREET

Samandippoo Colony 3rd Street guideline value

The current guideline value of Samandippoo Colony 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class III Type - II.

How the guideline value of Samandippoo Colony 3rd Street has changed

The guideline value for Samandippoo Colony 3rd Street has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 550 per sq.ft. This value saw a significant increase to Rs 2,500 per sq.ft in the 2012 revision, marking a change of +355%. The latest revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, reflecting an increase of +8% from the 2012 figure.

It is important to note that there are no figures available for the years 2023, 2017, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +391%.

Guideline values in Perambur

In Perambur village, 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 guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Samandippoo Colony 3rd Street.

• Samandippoo Colony 2nd Street: Rs 2,700 per sq.ft (2024)
• Samandippoo Colony 4th Street: Rs 2,700 per sq.ft (2024)
• Samandippoo Colony 1st Street: Rs 2,700 per sq.ft (2024)
• Samandippoo Colony: 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 3rd 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 charges 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 3rd Street?

The Sub Registrar Office that covers Samandippoo Colony 3rd 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 plays a crucial role in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Samandippoo Colony 3rd Street?

The current guideline value of Samandippoo Colony 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 550 per sq.ft to Rs 2,700 per sq.ft in 2024, which is an overall increase of +391%.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the higher of the guideline value or the sale price, while the registration fee is charged at 2%. For example, a 1,000 sq.ft property at the current guideline value would incur a total of Rs 2,43,000 in fees.

Which Sub Registrar Office should I visit for transactions in Samandippoo Colony 3rd Street?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, covers Samandippoo Colony 3rd Street.

Are there other streets in Perambur with the same guideline value?

Yes, several other streets in Perambur also have a guideline value of Rs 2,700 per sq.ft in 2024, including Samandippoo Colony 1st, 2nd, and 4th Streets, as well as Salaimanagar 6th and 7th Streets.