Guideline Value

Corporate

Guideline Value for SAMAYAPURAM NAGAR 1ST STREET

₹3030/sq.ft.

The guideline value for Samayapuram Nagar 1st Street in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 3030 per sq.ft, effective 1 July 2024. It was Rs 2750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3030 /sq.ft.
From 1-4-2023 ₹2750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1842 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2750 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Samayapuram Nagar 1st Street

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Samayapuram Nagar 1st Street guideline value

The current guideline value of Samayapuram Nagar 1st Street is Rs 3,030 per sq.ft. This street is located in Karambakkam village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Samayapuram Nagar 1st Street has changed

Over the years, the guideline value of Samayapuram Nagar 1st Street has undergone several revisions. The 2012 revision set the value at Rs 2,750 per sq.ft, which was then reduced to Rs 1,842 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 2,750 per sq.ft, and the latest revision in 2024 has set it at Rs 3,030 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,930 per sq.ft, placing Samayapuram Nagar 1st Street's 2024 value above this median.

Stamp duty and registration fee for property in Samayapuram Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,030 per sq.ft, the total guideline value would be Rs 30,30,000. The stamp duty at 7% would amount to Rs 2,12,100, and the registration fee at 2% would be Rs 60,600. Together, these fees would total Rs 2,72,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samayapuram Nagar 1st Street?

The Samayapuram Nagar 1st Street falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

When buying or selling property in Karambakkam, the guideline value plays a crucial role in determining the registration fees and stamp duty. These fees are calculated based on the guideline value set by the registration department, which reflects the official value of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of transactions. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Samayapuram Nagar 1st Street?

The current guideline value of Samayapuram Nagar 1st Street is Rs 3,030 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,750 per sq.ft in 2023 to Rs 3,030 per sq.ft in 2024, marking a 10% increase. It was Rs 1,842 per sq.ft in 2017 and Rs 2,750 per sq.ft in 2012.

What is the land classification of Samayapuram Nagar 1st Street?

Samayapuram Nagar 1st Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for this street?

The registration office for Samayapuram Nagar 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Samayapuram Nagar 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 30,30,000, the stamp duty would be Rs 2,12,100.