Guideline Value for SAMPATH NAGAR (KR)

Sampath Nagar (Kr) guideline value

The current guideline value of Sampath Nagar (Kr) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Sampath Nagar (Kr) has changed

The guideline value for Sampath Nagar (Kr) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision set it at Rs 660 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value is Rs 1,100 per sq.ft, indicating that the guideline value of Sampath Nagar (Kr) is below this median.

• Samidass Street (N): Rs 660 per sq.ft (2024)
• Sangamithirai Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 440 per sq.ft (2024)
• Sanjeevi Nagar (Ward -17): Rs 660 per sq.ft (2024)
• Sankarandas Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Saptank Kulam (Ward -3): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sampath Nagar (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Please 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 Sampath Nagar (Kr)?

The Sub Registrar Office covering Sampath Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. These fees are calculated based on the guideline value or the sale price, whichever is higher.

When a buyer or seller engages in a property transaction, the guideline value ensures transparency and consistency in the valuation process. This helps in maintaining a standard procedure for property registration in the region.

Frequently asked questions

What is the current guideline value of Sampath Nagar (Kr)?

The current guideline value of Sampath Nagar (Kr) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Sampath Nagar (Kr)?

Sampath Nagar (Kr) is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Sampath Nagar (Kr)?

The Sub Registrar Office for Sampath Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.