Guideline Value for SAMMANDHAM NAGAR

Sammandham Nagar guideline value

The current guideline value of Sammandham Nagar, located in Baraniputjur village under the Kunrathur SRO, is Rs 820 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - IV.

How the guideline value of Sammandham Nagar has changed

The guideline value for Sammandham Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 500 per sq.ft, which increased to Rs 600 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 820 per sq.ft, reflecting an increase of 37% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. This lack of data means that the only recorded revisions are from 2017, 2023, and 2024.

Guideline values in Baraniputjur

In Baraniputjur village, there are 39 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 700 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 1,210 per sq.ft, placing Sammandham Nagar's 2024 figure below the median.

• Ramya Nagar: Rs 700 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,210 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 1,210 per sq.ft (2024)
• Sri Kamatchi Avenue: Rs 1,450 per sq.ft (2024)
• Poonamallee High Road: Rs 1,450 per sq.ft (2024)
• Pilliyar Koil Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Sammandham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 820 per sq.ft, the total guideline value amounts to Rs 8,20,000. The stamp duty at 7% would be Rs 57,400, and the registration fee at 2% would be Rs 16,400, bringing the total fees to Rs 73,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sammandham Nagar?

The Sub Registrar Office that covers Sammandham Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

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

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as recognized by the government. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sammandham Nagar?

The current guideline value of Sammandham Nagar is Rs 820 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2017, the guideline value has increased from Rs 500 per sq.ft to Rs 820 per sq.ft in 2024, reflecting an overall increase of 64%.

What is the land classification for Sammandham Nagar?

Sammandham Nagar falls under the land classification of Residential Class II Type - IV.

What are the other streets in Baraniputjur with their guideline values?

Other streets in Baraniputjur include Ramya Nagar at Rs 700 per sq.ft, Sri Balaji Nagar and Sri Ganapathi Nagar at Rs 1,210 per sq.ft, and Sri Kamatchi Avenue and Poonamallee High Road at Rs 1,450 per sq.ft.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.