Guideline Value for SAMANDIPPOO COLONY

Samandippoo Colony guideline value

The current guideline value of Samandippoo Colony is Rs 2,700 per sq.ft, effective from 1 July 2024. This area 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 has changed

The guideline value for Samandippoo Colony has seen significant changes over the years. In 2002, the value was Rs 435 per sq.ft, which increased to Rs 477 per sq.ft in 2003. Following that, the value rose to Rs 550 per sq.ft in 2007, then jumped dramatically to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017 before climbing again to Rs 2,500 per sq.ft in 2023, and finally reaching Rs 2,700 per sq.ft in the 2024 revision.

The changes between these revisions show a notable increase of 521% from 2002 to 2024. The most significant rise occurred from 2007 to 2012 with an increase of 355%, while the value decreased by 33% from 2012 to 2017. The increase from 2023 to 2024 is 8%, and from 2017 to 2023, it was 49%.

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, with a median value of Rs 2,700 per sq.ft. The guideline value for Samandippoo Colony matches this median.

• 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 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

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, making the total cost for these fees 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Samandippoo Colony?

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

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

The guideline value is a crucial factor during the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in government records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Samandippoo Colony?

The current guideline value of Samandippoo Colony 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 435 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, indicating a total increase of 521% over this period.

What are the stamp duty and registration fees for property in Samandippoo Colony?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 1,89,000, and the registration fee is Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers Samandippoo Colony?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for property transactions, and stamp duty and registration fees are charged based on this value or the sale price, whichever is higher.