Guideline Value for SAMIYAR MADAM

Samiyar Madam guideline value

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

How the guideline value of Samiyar Madam has changed

The guideline value for Samiyar Madam has seen significant changes over the years. In 2002, the value was Rs 435 per sq.ft. It increased to Rs 477 per sq.ft in 2003, marking a 10% rise. By 2007, the value reached Rs 550 per sq.ft, which was a 15% increase from the previous revision. However, the most substantial change occurred between 2007 and 2023, where the value surged to Rs 2,500 per sq.ft, reflecting a remarkable 355% increase. There are no figures available for the years 2012 and 2017.

As of the latest revision in 2024, the guideline value stands at Rs 2,700 per sq.ft, which is an 8% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 521%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the guideline value of Samiyar Madam.

• Samiyar Madam 1st Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be 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 fees 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?

The Sub Registrar Office that covers Samiyar Madam 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 crucial 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 at the time of property registration.

When a buyer decides to purchase a property, the guideline value is assessed to ensure that the transaction is recorded at a value that reflects the current market standards. This ensures transparency and compliance with government regulations during the property registration process.

Frequently asked questions

What is the current guideline value of Samiyar Madam?

The current guideline value of Samiyar Madam 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 435 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 521%.

What are the other streets in Perambur with similar guideline values?

Other streets in Perambur with a guideline value of Rs 2,700 per sq.ft include Samiyar Madam 1st Street, 2nd Street, 3rd Street, and 4th Street, as well as Samandippoo Colony 4th Street.

Where is the Sub Registrar Office for Samiyar Madam located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Samiyar Madam?

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