Guideline Value

Corporate

Guideline Value for SAMAYAPURAM NAGAR 4TH STREET

₹3030/sq.ft.

The guideline value for Samayapuram Nagar 4th 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 4th Street

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Samayapuram Nagar 4th Street guideline value

The current guideline value of Samayapuram Nagar 4th Street is Rs 3,030 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Samayapuram Nagar 4th Street has changed

The guideline value for Samayapuram Nagar 4th Street has undergone several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 2,750 per sq.ft. This value remained the same until the 2017 revision, which saw a decrease to Rs 1,842 per sq.ft, a change of -33%. The value then increased significantly to Rs 2,750 per sq.ft in 2023, followed by a rise to Rs 3,030 per sq.ft in the 2024 revision, marking a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the current 2024 figure, there has been a total increase of 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, with guideline values 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 the 2024 figure for Samayapuram Nagar 4th Street above this median.

Stamp duty and registration fee for property in Samayapuram Nagar 4th 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, bringing the total to Rs 2,72,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Samayapuram Nagar 4th Street?

The Sub Registrar Office that covers Samayapuram Nagar 4th Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial 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

The guideline value is a crucial factor in the registration process when buying or selling property in Karambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price meets or exceeds the guideline value to avoid any legal complications. The registration office uses this value to calculate the applicable fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Samayapuram Nagar 4th Street?

The current guideline value of Samayapuram Nagar 4th Street is Rs 3,030 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,750 per sq.ft to Rs 3,030 per sq.ft in 2024, reflecting an overall increase of 10% over this period.

What is the land classification for Samayapuram Nagar 4th Street?

Samayapuram Nagar 4th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates applicable for properties in this area?

The stamp duty for properties in Samayapuram Nagar is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Sub Registrar Office for Samayapuram Nagar 4th Street?

The Sub Registrar Office for Samayapuram Nagar 4th Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.