Guideline Value for SAMIYAR MADAM 4TH STREET

Samiyar Madam 4th Street guideline value

The current guideline value of Samiyar Madam 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Samiyar Madam 4th Street has changed

The guideline value for Samiyar Madam 4th Street has seen several revisions over the years. The earliest recorded figure is from 2003, with a guideline value of Rs 477 per sq.ft. This increased to Rs 550 per sq.ft in 2007, followed by a significant rise to Rs 2,500 per sq.ft in 2012. However, there was a decline to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and as of 2024, it stands at Rs 2,700 per sq.ft.

Between these revisions, there have been notable changes. From 2003 to 2007, the guideline value increased by 15%. The value then surged by 355% from 2007 to 2012. After a decline of 33% from 2012 to 2017, it rose by 49% from 2017 to 2023. The most recent increase from 2023 to 2024 is 8%. Overall, from 2003 to 2024, the guideline value has increased by 466%. The register does not have a figure for the year 2002 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO carrying a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Samiyar Madam 4th Street.

• Samiyar Madam 3rd Street: Rs 2,700 per sq.ft (2024)
• Samiyar Madam 2nd Street: Rs 2,700 per sq.ft (2024)
• Samiyar Madam 1st Street: Rs 2,700 per sq.ft (2024)
• Samiyar Madam: 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 4th Street

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 at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Samiyar Madam 4th Street?

The Sub Registrar Office that covers Samiyar Madam 4th 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

When buying or selling property in Perambur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the minimum value on which these charges are calculated, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Samiyar Madam 4th Street?

The current guideline value of Samiyar Madam 4th 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 changed from Rs 477 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, with various revisions occurring in between.

What is the land classification for Samiyar Madam 4th Street?

Samiyar Madam 4th Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Samiyar Madam 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for property in Perambur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is essential to consider the current guideline value when estimating the total cost of a property transaction.