Guideline Value for SAMPATH NAGAR (KR)

Sampath Nagar (Kr) guideline value

The current guideline value of Sampath Nagar (Kr) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

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

The guideline value for Sampath Nagar (Kr) has undergone several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 335 per sq.ft. The value then increased to Rs 500 per sq.ft in 2023, before rising to the current rate of Rs 550 per sq.ft in 2024. The register has no figure for this street in 2002, 2003, or 2007.

When examining the changes, we see that from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Sampath Nagar (Kr) below this median.

• Samidass Street (N): Rs 661 per sq.ft (2024)
• Sangamithirai Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 661 per sq.ft (2024)
• Sanjay Nagar: Rs 550 per sq.ft (2024)
• Sanjeevi Nagar (Ward -17): Rs 661 per sq.ft (2024)
• Sankarandas Street (Ward -7): Rs 1,320 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, while the registration fee at 2% would be Rs 11,000. Therefore, the total cost for these fees would be Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sampath Nagar (Kr)?

The Sampath Nagar (Kr) area falls under 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. This value is essential for both buyers and sellers to understand, as it directly impacts the overall cost of the property transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should be aware that the guideline value may differ from the actual sale price, but the duty is charged based on the higher of the two values.

Frequently asked questions

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

The current guideline value of Sampath Nagar (Kr) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

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

Sampath Nagar (Kr) is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for property transactions in Sampath Nagar (Kr)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 38,500.