Guideline Value for SAMAYAPURI MUDALIAR ST

Samayapuri Mudaliar St guideline value

The current guideline value for Samayapuri Mudaliar St is Rs 702 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village under the Ponneri SRO and is classified as Residential Class I Type - I.

How the guideline value of Samayapuri Mudaliar St has changed

The guideline value for Samayapuri Mudaliar St has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 900 per sq.ft. However, in the 2024 revision, this figure decreased to Rs 702 per sq.ft, reflecting a change of -22%.

In summary, the most recent figures show a notable decrease from the 2023 revision to the 2024 revision. The current guideline value of Rs 702 per sq.ft is now above the median of Rs 700 per sq.ft for the 75 streets in Ponneri_2 under the Ponneri SRO.

Guideline values in Ponneri_2

Ponneri_2 village has a range of guideline values for its streets, with values varying from Rs 700 to Rs 1,300 per sq.ft. The median value is Rs 700 per sq.ft, and Samayapuri Mudaliar St's 2024 figure is above this median. Below are the guideline values for other streets in Ponneri_2:

• Samundeeswari Nagar: Rs 700 per sq.ft (2024)
• Sakthi & Rajiv Appartment: Rs 702 per sq.ft (2024)
• Sakthi Nagar Ext: Rs 702 per sq.ft (2024)
• Sakthi Nagar: Rs 702 per sq.ft (2024)
• Ramaswami Chetty Street: Rs 700 per sq.ft (2024)
• Shankar Nagar: Rs 702 per sq.ft (2024)

Stamp duty and registration fee for property in Samayapuri Mudaliar St

For a 1,000 sq.ft plot at the current guideline value of Rs 702 per sq.ft, the total guideline value would be Rs 7,02,000. The stamp duty at 7% would amount to Rs 49,140, while the registration fee at 2% would be Rs 14,040. Together, the total cost for stamp duty and registration fee would be Rs 63,180. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Samayapuri Mudaliar St?

Samayapuri Mudaliar St falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value plays a crucial role in the registration process of property transactions in Ponneri_2. It is used to determine the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property for taxation purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Samayapuri Mudaliar St?

The current guideline value of Samayapuri Mudaliar St is Rs 702 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value changed from Rs 900 per sq.ft in 2023 to Rs 702 per sq.ft in 2024, which represents a decrease of 22%.

What is the land classification for Samayapuri Mudaliar St?

Samayapuri Mudaliar St is classified as Residential Class I Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the transaction is accurately recorded for taxation purposes.