Guideline Value for SAMSON NAGAR

Samson Nagar guideline value

The current guideline value of Samson Nagar is Rs 3,500 per sq.ft. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Special Type - II.

How the guideline value of Samson Nagar has changed

According to the guideline value register, there are no figures available for Samson Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 3,500 per sq.ft, which remained unchanged in the 2024 revision, effective from 1 July 2024.

Thus, from 2023 to 2024, there was a change of +0%, maintaining the guideline value at Rs 3,500 per sq.ft.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing the 2024 figure for Samson Nagar above this median.

• Samundeswari Nagar: Rs 1,300 per sq.ft (2024)
• Samiyar Thottam, Ponniammanmedu (Ward-22): Rs 1,300 per sq.ft (2024)
• Samiyar Thottam (Ponniamman Medu): Rs 1,300 per sq.ft (2024)
• Samy Nagar,Ponniammanmedu (Ward-24): Rs 1,300 per sq.ft (2024)
• Sanjay Nagar: Rs 2,200 per sq.ft (2024)
• Sanjay Nagar Extension: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Samson Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value would be Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total to Rs 3,15,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Samson Nagar?

The Sub Registrar Office that covers Samson Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Madhavaram. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value is considered to ensure that the appropriate fees are collected based on the property's value, providing a standardized approach to property transactions in the region.

Frequently asked questions

What is the current guideline value of Samson Nagar?

The current guideline value of Samson Nagar is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

There has been no change in the guideline value from 2023 to 2024, remaining at Rs 3,500 per sq.ft.

What is the land classification of Samson Nagar?

Samson Nagar is classified as Residential Special Type - II under the Madhavaram SRO.

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

The Sub Registrar Office for Samson Nagar is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated in Samson Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 35,00,000, the stamp duty would be Rs 2,45,000 at a rate of 7%.