Guideline Value for SAMIYAR ST

Samiyar St guideline value

The current guideline value of Samiyar St in Vilingiyambakkam village, under the Avadi SRO, is Rs 810 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - III land classification.

How the guideline value of Samiyar St has changed

Looking at the historical revisions, the guideline value for Samiyar St was Rs 650 per sq.ft in 2023, which increased to Rs 810 per sq.ft in 2024, marking a change of +25%. Prior to that, in 2017, the value was Rs 435 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. The register does not have figures for the years 2002, 2003, and 2007.

In 2012, the guideline value was Rs 650 per sq.ft, which decreased to Rs 435 per sq.ft in 2017, reflecting a drop of -33%. Overall, from 2012 to 2024, the guideline value has increased by +25%, moving from Rs 650 per sq.ft to the current Rs 810 per sq.ft.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, indicating that Samiyar St's 2024 figure of Rs 810 per sq.ft is below this median.

• Sambangi St: Rs 935 per sq.ft (2024)
• Sanjai Nagar (Or) Sanjeevi Nagar @ Siranjeevi Naga: Rs 800 per sq.ft (2024)
• Saraswathi St: Rs 810 per sq.ft (2024)
• Sadiq Basha Street: Rs 935 per sq.ft (2024)
• R.R. Nagar: Rs 1,470 per sq.ft (2024)
• Sathiyamurthy St: Rs 810 per sq.ft (2024)

Stamp duty and registration fee for property in Samiyar St

For a 1,000 sq.ft plot at the current guideline value of Rs 810 per sq.ft, the total guideline value would be Rs 8,10,000. The stamp duty at 7% would amount to Rs 56,700, and the registration fee at 2% would be Rs 16,200, bringing the total charges to Rs 72,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Samiyar St?

The Sub Registrar Office that covers Samiyar St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vilingiyambakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark to assess the value of the property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Samiyar St?

The current guideline value of Samiyar St is Rs 810 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 650 per sq.ft in 2023 to Rs 810 per sq.ft in 2024, and from Rs 435 per sq.ft in 2017 to Rs 650 per sq.ft in 2012.

What is the land classification for Samiyar St?

Samiyar St falls under the Residential Class I Type - III land classification, which is relevant for property registration and valuation.

Where can I find the Sub Registrar Office for Samiyar St?

The Avadi Sub Registrar Office covers Samiyar St and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Samiyar St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,10,000, the stamp duty would be Rs 56,700 at 7%.