Guideline Value for SAMANDIPPOO COLONY 4TH STREET

Samandippoo Colony 4th Street guideline value

The current guideline value of Samandippoo Colony 4th 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 4th Street has changed

The guideline value for Samandippoo Colony 4th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 550 per sq.ft. This value saw a significant increase to Rs 2,500 per sq.ft in 2012, marking a change of +355%. The value remained unchanged at Rs 2,500 per sq.ft until the 2023 revision, which increased it to Rs 2,700 per sq.ft, reflecting an 8% rise.

From the 2024 revision, the guideline value is set at Rs 2,700 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by +391%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO, with 2024 guideline values 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 4th Street.

• Samandippoo Colony 1st Street: 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: 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 4th 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, charged at 7%, would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Samandippoo Colony 4th Street?

The Sub Registrar Office that covers Samandippoo Colony 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor 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 must be paid during the transaction.

When registering a property, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the transaction reflects the appropriate legal and financial obligations associated with property ownership.

Frequently asked questions

What is the current guideline value of Samandippoo Colony 4th Street?

The current guideline value of Samandippoo Colony 4th 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 from Rs 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +391% over the years.

What are the other guideline values in Perambur?

Other streets in Perambur under the Purasaivakkam SRO have a guideline value of Rs 2,700 per sq.ft in 2024, including Samandippoo Colony 1st, 2nd, and 3rd Streets, as well as Samandippoo Colony and Salaimanagar 6th and 7th Streets.

What fees are associated with buying property in Samandippoo Colony 4th Street?

When buying property, the buyer must pay stamp duty at 7% and a registration fee at 2% based on the higher of the guideline value or sale price. For a 1,000 sq.ft plot, these fees would total Rs 2,43,000.

Where is the Sub Registrar Office for Samandippoo Colony 4th Street located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, covering the registration for Samandippoo Colony 4th Street.