Guideline Value for SAMPATH NAGAR (KR)

Sampath Nagar (Kr) guideline value

The current guideline value of Sampath Nagar (Kr) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class II Type - II.

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

The guideline value of Sampath Nagar (Kr) has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase in the subsequent revisions, rising to Rs 400 per sq.ft in 2023, and further increasing by 10% to Rs 440 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Sampath Nagar (Kr) below that 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 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. Please note that the duty is charged on the higher of the guideline value and 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 Sampath Nagar (Kr) area is covered by 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 Sattamangalam

The guideline value is an essential factor during property registration in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions. Buyers and sellers must be aware of the guideline value as it affects the overall cost of the transaction.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable duties and fees. It is crucial for both parties to understand that the higher value between the sale price and the guideline value is used for these calculations.

Frequently asked questions

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

The current guideline value of Sampath Nagar (Kr) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 400 per sq.ft in 2012, decreasing to Rs 268 per sq.ft in 2017, then rising to Rs 400 per sq.ft in 2023, and finally reaching Rs 440 per sq.ft in 2024.

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

Sampath Nagar (Kr) is classified as Residential Class II Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Sampath Nagar (Kr)?

For a property valued at the current guideline value of Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles registrations for Sampath Nagar (Kr)?

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