Guideline Value for SAMIDASS STREET (N)

Samidass Street (N) guideline value

The current guideline value of Samidass Street (N) in Panangottur village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Samidass Street (N) has changed

Over the years, the guideline value of Samidass Street (N) has seen several revisions. The most recent revision in 2024 set the value at Rs 660 per sq.ft, which is an increase from Rs 600 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the guideline value was Rs 402 per sq.ft, reflecting a substantial increase of 49% to reach the 2023 figure. The 2012 revision also recorded a value of Rs 600 per sq.ft, which was a decrease of 33% from the 2017 value.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%, indicating a stable valuation over the years.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 990 per sq.ft, meaning that the guideline value of Samidass Street (N) is below this median.

• Sampath Nagar (Kr): Rs 440 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 440 per sq.ft (2024)
• Sangamithirai Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sanjeevi Nagar (Ward -17): Rs 660 per sq.ft (2024)
• Sankarandas Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Saptank Kulam (Ward -3): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Samidass Street (N)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Samidass Street (N)?

The Sub Registrar Office that covers Samidass Street (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Panangottur

The guideline value plays a crucial role in property transactions in Panangottur. It is used to determine the stamp duty and registration fees that are payable when a property is bought or sold. The guideline value is established by the government and is updated periodically to reflect changes in the real estate market.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, which is vital for public services and infrastructure development.

Frequently asked questions

What is the current guideline value of Samidass Street (N)?

The current guideline value of Samidass Street (N) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification of Samidass Street (N)?

Samidass Street (N) is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find more information about the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can also find your SRO online for additional details.

How is stamp duty calculated for properties in Samidass Street (N)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.