Guideline Value for SAMPATH SALAI

Sampath Salai guideline value

The current guideline value of Sampath Salai is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO, and it is classified as Residential Class III Type - I.

How the guideline value of Sampath Salai has changed

The guideline value for Sampath Salai has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, an increase from Rs 1,000 per sq.ft in 2023. Prior to that, the 2017 revision recorded a value of Rs 670 per sq.ft, which marked a significant increase of 49% when compared to the 2023 figure. The 2012 revision also had a value of Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Sampath Salai in the register.

Guideline values in Uthandi

In Uthandi village, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value is Rs 1,700 per sq.ft, indicating that Sampath Salai's 2024 figure is below this median.

• Samuthra Devar Road: Rs 1,700 per sq.ft (2024)
• Samuthra Dwaraga Salai: Rs 3,900 per sq.ft (2024)
• Sanakran Thottam: Rs 1,700 per sq.ft (2024)
• Sangothaiamman Koil East Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil North Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil South Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sampath Salai

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to 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 Salai?

The Sub Registrar Office that covers Sampath Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthandi. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sampath Salai?

The current guideline value of Sampath Salai is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, marking a 10% increase. It was Rs 670 per sq.ft in 2017, reflecting a 49% increase from 2023.

What is the land classification of Sampath Salai?

Sampath Salai is classified as Residential Class III Type - I under the Neelankarai SRO.

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

The Sub Registrar Office for Sampath Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Sampath Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000, resulting in a stamp duty of Rs 77,000.