Guideline Value for SAMAYAPURAM NAGAR 6TH STREET

Samayapuram Nagar 6th Street guideline value

The current guideline value of Samayapuram Nagar 6th Street is Rs 3,030 per sq.ft as per the 2024 revision, 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 6th Street has changed

The guideline value for Samayapuram Nagar 6th Street has seen several revisions over the years. 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 the 2017 revision. Following this, the 2023 revision raised the value to Rs 2,750 per sq.ft, and the current 2024 revision has increased it further to Rs 3,030 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between revisions show a significant increase of 49% from 2017 to 2023, while the drop from 2012 to 2017 was 33%. Notably, there are no figures available for the revisions in 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 value for these streets is Rs 1,930 per sq.ft, placing Samayapuram Nagar 6th Street's 2024 guideline value above that median.

• Samayapuram Nagar 5th Street: Rs 3,030 per sq.ft (2024)
• Samayapuram Nagar Main Road: Rs 3,030 per sq.ft (2024)
• Samayapuram Nagar 4th Street: Rs 3,030 per sq.ft (2024)
• Samayapuram Nagar 3rd Street: Rs 3,030 per sq.ft (2024)
• Samayapuram Nagar 2nd Street: Rs 3,030 per sq.ft (2024)
• Samayapuram Nagar 1st Street: Rs 3,030 per sq.ft (2024)

Stamp duty and registration fee for property in Samayapuram Nagar 6th 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. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Samayapuram Nagar 6th Street?

The Sub Registrar Office that covers Samayapuram Nagar 6th 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 plays a crucial role in the registration process of property transactions in Karambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable. This ensures that the government receives the appropriate revenue from property transactions, which is essential for maintaining public services and infrastructure.

Frequently asked questions

What is the current guideline value of Samayapuram Nagar 6th Street?

The current guideline value of Samayapuram Nagar 6th 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 2012 to Rs 1,842 per sq.ft in 2017, then back to Rs 2,750 per sq.ft in 2023, and finally to Rs 3,030 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 30,30,000, the stamp duty would be Rs 2,12,100 and the registration fee would be Rs 60,600, totaling Rs 2,72,700.

Which Sub Registrar Office is responsible for Samayapuram Nagar 6th Street?

The Chennai South Joint I Sub Registrar Office is responsible for Samayapuram Nagar 6th Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Samayapuram Nagar 6th Street?

The land classification for Samayapuram Nagar 6th Street is Residential Class I Type - I, indicating its suitability for residential development.