Guideline Value for SAMPATH NAGAR

Sampath Nagar guideline value

The current guideline value of Sampath Nagar, located in Nanmangalam village under the Pallavaram SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Sampath Nagar has changed

In the 2017 revision, the guideline value for Sampath Nagar was Rs 2,100 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 2,100 per sq.ft. However, in the 2024 revision, the value increased significantly to Rs 3,300 per sq.ft, marking a 57% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 57%. It is important to note that the register has no figures for Sampath Nagar for the years 2002, 2003, 2007, and 2012.

Guideline values in Nanmangalam

Nanmangalam village has 139 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Sampath Nagar's 2024 figure above this median.

• Sakthi Nagar: Rs 1,960 per sq.ft (2024)
• Sai Saminatah Residency: Rs 2,750 per sq.ft (2024)
• Sarath Nagar: Rs 1,960 per sq.ft (2024)
• Rose Garden: Rs 1,960 per sq.ft (2024)
• Selvaraj Nagar: Rs 2,750 per sq.ft (2024)
• Rani Nagar: Rs 1,960 per sq.ft (2024)

Stamp duty and registration fee for property in Sampath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sampath Nagar?

The Sampath Nagar area is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nanmangalam. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property registration.

When a property is sold, the sale price or the guideline value, whichever is higher, is considered for calculating the applicable charges. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sampath Nagar?

The current guideline value of Sampath Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sampath Nagar has increased from Rs 2,100 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking a 57% increase. There was no change in the 2023 revision, where the value remained at Rs 2,100 per sq.ft.

What are the other streets in Nanmangalam?

Other streets in Nanmangalam include Sakthi Nagar, Sai Saminatah Residency, Sarath Nagar, Rose Garden, Selvaraj Nagar, and Rani Nagar, with guideline values ranging from Rs 1,960 to Rs 2,750 per sq.ft in 2024.

What is the stamp duty for property in Sampath Nagar?

The stamp duty for property in Sampath Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 2,31,000.

Where can I find the Sub Registrar Office for Sampath Nagar?

The Sub Registrar Office covering Sampath Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.