Guideline Value

Corporate

Guideline Value for SAMAYAPURAM NAGAR MAIN ROAD

₹3030/sq.ft.

The guideline value for Samayapuram Nagar Main Road 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 Main Road

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Samayapuram Nagar Main Road guideline value

The current guideline value of Samayapuram Nagar Main Road is Rs 3,030 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value has seen several revisions over the years. In 2012, the guideline value was Rs 2,750 per sq.ft. This figure remained unchanged until 2017 when it dropped to Rs 1,842 per sq.ft. Following this, the value increased significantly to Rs 2,750 per sq.ft in 2023, and then rose to Rs 3,030 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value increased by 10%.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that have 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 Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Samayapuram Nagar Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 30,30,000. The stamp duty at 7% would be Rs 2,12,100, and the registration fee at 2% would be Rs 60,600, totaling Rs 2,72,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Samayapuram Nagar Main Road?

The Sub Registrar Office that covers Samayapuram Nagar Main Road 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 critical 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 applicable to the transaction.

When a property is registered, the guideline value is used to assess the applicable duties, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Samayapuram Nagar Main Road?

The current guideline value of Samayapuram Nagar Main Road 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 to Rs 2,750 per sq.ft in 2023, and finally to Rs 3,030 per sq.ft in 2024.

What is the land classification for Samayapuram Nagar Main Road?

Samayapuram Nagar Main Road is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Samayapuram Nagar Main Road?

The Sub Registrar Office for Samayapuram Nagar Main Road 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.

How is stamp duty calculated for properties in Samayapuram Nagar Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,72,700.