Guideline Value for SAMRAJA NAGAR

Samraja Nagar guideline value

The current guideline value of Samraja Nagar is Rs 902 per sq.ft, effective from 1 July 2024. This area is located in Allappakkam village and falls under the Chengleput Joint I SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Samraja Nagar has changed

The guideline value for Samraja Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft. This remained unchanged until 2017 when it dropped to Rs 603 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 900 per sq.ft. The most recent revision in 2024 set the value at Rs 902 per sq.ft, indicating no change from the previous year.

The revisions for the years 2002, 2003, and 2007 have no figures listed for Samraja Nagar. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 902 per sq.ft.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value of Samraja Nagar is below this median.

• Sakthi Nagar Ext: Rs 1,200 per sq.ft (2024)
• Sakthi Nagar: Rs 1,200 per sq.ft (2024)
• Sai Nagar: Rs 1,102 per sq.ft (2024)
• Sai Kiruba Nagar: Rs 1,102 per sq.ft (2024)
• Saraswathi Nagar: Rs 1,102 per sq.ft (2024)
• Sawdambiga Nagar: Rs 902 per sq.ft (2024)

Stamp duty and registration fee for property in Samraja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 902 per sq.ft, the total guideline value would be Rs 9,02,000. The stamp duty at 7% would amount to Rs 63,140, and the registration fee at 2% would be Rs 18,040, totaling Rs 81,180. 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 Samraja Nagar?

The Sub Registrar Office that covers Samraja Nagar is the Chengleput Joint I 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 Allappakkam

The guideline value is an essential factor in the registration process when buying or selling property in Allappakkam. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of Samraja Nagar?

The current guideline value of Samraja Nagar is Rs 902 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 902 per sq.ft in 2024.

What is the land classification for Samraja Nagar?

Samraja Nagar is classified as Residential Special Type - IV, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property in Samraja Nagar?

For a property valued at Rs 9,02,000, the stamp duty would be Rs 63,140, and the registration fee would be Rs 18,040, totaling Rs 81,180.

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

The Sub Registrar Office for Samraja Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.