Guideline Value for SAMATHUVA NAGAR

Samathuva Nagar guideline value

The current guideline value of Samathuva Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Pazhanthandalam village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Samathuva Nagar has changed

The guideline value for Samathuva Nagar has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which increased by 10% to Rs 1,100 per sq.ft in the 2024 revision.

This increase reflects the changes in the guideline value register, with the most recent revision marking a significant adjustment. The 2024 figure aligns with the median guideline value of Rs 1,100 per sq.ft for the 57 streets in Pazhanthandalam under the Padappai SRO.

Guideline values in Pazhanthandalam

Pazhanthandalam has a range of guideline values across its streets, with figures varying from Rs 440 to Rs 1,980 per sq.ft. The guideline value for Samathuva Nagar matches the median of Rs 1,100 per sq.ft. Below are the guideline values for other streets in Pazhanthandalam:

• Sankara Nagar: Rs 1,100 per sq.ft (2024)
• Sai Pooja Avenue: Rs 1,100 per sq.ft (2024)
• Rathi's Sri Sai City-Phase-III: Rs 1,540 per sq.ft (2024)
• Rathi's Sri Sai City Phase-II: Rs 1,540 per sq.ft (2024)
• Rathi's Sri Sai City Phase-I: Rs 1,540 per sq.ft (2024)
• Ramamurthy Nagar - II: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Samathuva Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 details.

Which Sub Registrar Office covers Samathuva Nagar?

The Sub Registrar Office that covers Samathuva Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the property registration process in Pazhanthandalam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the costs involved. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Samathuva Nagar?

The current guideline value of Samathuva Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Samathuva Nagar?

Samathuva Nagar is classified as Residential Special Type - I under the Padappai SRO.

What are the stamp duty and registration fees for property in Samathuva Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Where can I find the Sub Registrar Office for Samathuva Nagar?

The Sub Registrar Office for Samathuva Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.