Guideline Value for SAMPANDAM STREET

Sampandam Street guideline value

The current guideline value of Sampandam Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sampandam Street has changed

The guideline value for Sampandam Street has seen several revisions over the years. In 2003, the value was Rs 461 per sq.ft, which increased to Rs 700 per sq.ft in 2007. Following that, the value surged to Rs 3,500 per sq.ft in 2012, before dropping to Rs 2,345 per sq.ft in 2017. The 2023 revision set the value at Rs 3,500 per sq.ft, and the latest revision in 2024 raised it to Rs 3,800 per sq.ft.

Looking at the percentage changes, the value increased by 52% from 2003 to 2007, followed by a significant rise of 400% from 2007 to 2012. The value then decreased by 33% from 2012 to 2017, and increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a rise of 9%. Overall, from 2003 to 2024, the guideline value has increased by 724%.

Guideline values in Perambur

In Perambur village, 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, making Sampandam Street's 2024 figure of Rs 3,800 above the median.

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

Stamp duty and registration fee for property in Sampandam Street

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. 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 Sampandam Street?

The Sub Registrar Office that covers Sampandam 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.

When a property is sold, the buyer and seller must refer to the guideline value to ensure compliance with local regulations. The stamp duty is calculated based on this value, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sampandam Street?

The current guideline value of Sampandam Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 461 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 724% over this period.

What is the land classification for Sampandam Street?

Sampandam Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

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

Other streets in Perambur include Samiyar Madam 4th Street, Samiyar Madam 3rd Street, Samiyar Madam 2nd Street, Samiyar Madam 1st Street, Samiyar Madam, and Samandippoo Colony 4th Street, all valued at Rs 2,700 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Sampandam Street?

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