Guideline Value for SAMIDASS STREET (N)

Samidass Street (N) guideline value

The current guideline value of Samidass Street (N) is Rs 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO, and it falls under the Residential Class I Type - III land classification.

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

The guideline value for Samidass Street (N) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 661 per sq.ft, an increase from Rs 600 per sq.ft in 2023, which reflects a change of +10%. Prior to that, the 2017 revision recorded a guideline value of Rs 402 per sq.ft, indicating a significant increase of +49% over the six years leading up to 2023. The 2012 revision also recorded Rs 600 per sq.ft, which represents a decrease of -33% compared to the 2017 figure.

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%.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Samidass Street (N) is below this median.

• Sampath Nagar (Kr): Rs 550 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 661 per sq.ft (2024)
• Sangamithirai Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sanjay Nagar: Rs 550 per sq.ft (2024)
• Sanjeevi Nagar (Ward -17): Rs 661 per sq.ft (2024)
• Sankarandas Street (Ward -7): Rs 1,320 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 guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total charges to Rs 59,490. 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 accurate calculations based on your specific property details.

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. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process of property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy. It ensures that properties are not undervalued, thus safeguarding the interests of both buyers and sellers during the registration process.

Frequently asked questions

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

The current guideline value of Samidass Street (N) is Rs 661 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 661 per sq.ft in 2024, which is a +10% increase. It was Rs 402 per sq.ft in 2017, showing a +49% increase from 2017 to 2023.

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

Samidass Street (N) falls under the Residential Class I Type - III land classification.

What are the stamp duty and registration fees for property in Samidass Street (N)?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 6,61,000, the total charges would be Rs 59,490.

Where is the Sub Registrar Office for Samidass Street (N)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.