Guideline Value for SAMDEV GARDEN

Samdev Garden guideline value

The current guideline value of Samdev Garden, located in Madambakkam village under the Selaiyur SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Special Type - II.

How the guideline value of Samdev Garden has changed

Over the years, the guideline value for Samdev Garden has undergone several revisions. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which is an increase of 8% from the previous year's figure of Rs 2,505 per sq.ft from 2023. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2023 revision, the guideline value was Rs 2,505 per sq.ft. This marked a change from the last known figure, which was not available for the previous revisions. The absence of figures for earlier years indicates a lack of recorded values for Samdev Garden in those periods.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft as of 2024. The median guideline value for the area is Rs 2,400 per sq.ft, placing the guideline value of Samdev Garden above this median.

• Sannathi Cross Street: Rs 1,600 per sq.ft (2024)
• Sannathi Street: Rs 1,600 per sq.ft (2024)
• Sairam Nagar: Rs 2,750 per sq.ft (2024)
• Sadha Siva Nagar I & II: Rs 2,750 per sq.ft (2024)
• Sadhasiva Nagar I: Rs 2,750 per sq.ft (2024)
• Sadhasiva Nagar Extension-III: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Samdev Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, charged at 7%, would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total costs together to Rs 2,43,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samdev Garden?

The Sub Registrar Office that covers Samdev Garden is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Madambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the financial obligations during the registration process. Buyers should consider this value to understand the potential costs involved in their transactions.

Frequently asked questions

What is the current guideline value of Samdev Garden?

The current guideline value of Samdev Garden is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 8%, from Rs 2,505 per sq.ft to Rs 2,700 per sq.ft.

What is the land classification for Samdev Garden?

Samdev Garden is classified as Mixed Special Type - II, indicating its specific zoning and land use regulations.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Samdev Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at a rate of 7%.