Guideline Value for SAMIYAR MADAM 1ST STREET

Samiyar Madam 1st Street guideline value

The current guideline value of Samiyar Madam 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Samiyar Madam 1st Street has changed

The guideline value for Samiyar Madam 1st Street has seen significant changes over the years. In 2003, the value was Rs 477 per sq.ft, which increased to Rs 550 per sq.ft in 2007, marking a 15% rise. Following this, the value surged to Rs 2,500 per sq.ft in 2023, representing a remarkable 355% increase from 2007. The latest revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2012, and 2017 for this street. Overall, from 2003 to 2024, the guideline value has increased by 466%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is the same as the guideline value for Samiyar Madam 1st Street.

• Samiyar Madam: Rs 2,700 per sq.ft (2024)
• Samiyar Madam 2nd Street: Rs 2,700 per sq.ft (2024)
• Samiyar Madam 3rd Street: Rs 2,700 per sq.ft (2024)
• Samiyar Madam 4th Street: Rs 2,700 per sq.ft (2024)
• Sampandam Street: Rs 3,800 per sq.ft (2024)
• Samandippoo Colony 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Samiyar Madam 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Samiyar Madam 1st Street?

The Sub Registrar Office that covers Samiyar Madam 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Samiyar Madam 1st Street?

The current guideline value of Samiyar Madam 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 477 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 466% over this period.

What are the other streets with the same guideline value in Perambur?

Other streets in Perambur with the same guideline value of Rs 2,700 per sq.ft include Samiyar Madam 2nd Street, Samiyar Madam 3rd Street, and Samiyar Madam 4th Street.

What are the stamp duty and registration fees for property in Samiyar Madam 1st Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office for Samiyar Madam 1st Street located?

The Sub Registrar Office for Samiyar Madam 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.