Guideline Value for SAMAYAPURATHAMMAN STREET

Samayapurathamman Street guideline value

The current guideline value of Samayapurathamman Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Samayapurathamman Street has changed

The guideline value for Samayapurathamman Street has undergone several revisions over the years. In 2003, the guideline value was Rs 824 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007. The value then saw a significant rise to Rs 4,600 per sq.ft in 2012, before dropping to Rs 3,082 per sq.ft in 2017. The 2023 revision set the value at Rs 4,600 per sq.ft, and the latest revision in 2024 has increased it to Rs 5,000 per sq.ft.

From 2017 to 2023, the value increased by 49%. The 2023 to 2024 revision shows a 9% increase. Notably, the value rose dramatically from 2007 to 2012 by 283%, and from 2003 to 2007 by 46%. Overall, the guideline value has increased by 507% from 2003 to 2024. The register has no figure for the year 2002 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft as per the 2024 revision. The median value for these streets is Rs 5,800 per sq.ft, placing Samayapurathamman Street's 2024 guideline value below this median.

• Sakthi Nagar. Kodambakkam: Rs 7,100 per sq.ft (2024)
• Sakthi Nagar 5th Street: Rs 5,800 per sq.ft (2024)
• Sakthi Nagar 4th Street. Choolaimedu: Rs 5,800 per sq.ft (2024)
• Sakthi Nagar 3rd Street. Choolaimedu: Rs 5,800 per sq.ft (2024)
• Sakthi Nagar 2nd Street. Choolaimedu: Rs 5,800 per sq.ft (2024)
• Sakthi Nagar 1st Street. Choolaimedu: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Samayapurathamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samayapurathamman Street?

The Sub Registrar Office that covers Samayapurathamman Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared with the sale price. The higher amount is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is processed according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of Samayapurathamman Street?

The current guideline value of Samayapurathamman Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 824 per sq.ft in 2003 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 507% over this period.

What is the land classification for Samayapurathamman Street?

Samayapurathamman Street is classified as Residential Class III Type - I under the Kodambakkam SRO.

Where can I find the Sub Registrar Office for Samayapurathamman Street?

The Kodambakkam Sub Registrar Office, which covers Samayapurathamman Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 50,00,000 would incur a stamp duty of Rs 3,50,000 at a rate of 7%.