Guideline Value for SAMUNDEESWARI NAGA POTHERI (WARD-20)

Samundeeswari Naga Potheri (Ward-20) guideline value

The current guideline value of Samundeeswari Naga Potheri (Ward-20) is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Konathi village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Samundeeswari Naga Potheri (Ward-20) has changed

Over the years, the guideline value for Samundeeswari Naga Potheri has seen several revisions. The 2012 revision recorded a value of Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision set it at Rs 1,980 per sq.ft.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. There was a significant increase of 49% from 2017 to 2023. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, making the guideline value of Samundeeswari Naga Potheri (Ward-20) above the median.

• Saisakthi Nagar: Rs 2,500 per sq.ft (2024)
• Ruthra Avenue (Tai): Rs 880 per sq.ft (2024)
• School Street (Ward -1): Rs 770 per sq.ft (2024)
• Shanmugapriya Nagar (Ward-21): Rs 1,650 per sq.ft (2024)
• Ramani Thottam (Ward-20): Rs 880 per sq.ft (2024)
• Sheep Farm Road (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Samundeeswari Naga Potheri (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samundeeswari Naga Potheri (Ward-20)?

The Chengleput Joint II Sub Registrar Office covers Samundeeswari Naga Potheri (Ward-20). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Konathi

The guideline value plays a crucial role in property transactions in Konathi. It serves as a benchmark for determining the minimum value at which a property can be registered. When buyers and sellers agree on a sale price, the stamp duty and registration fees are calculated based on the higher of the guideline value or the actual sale price.

During registration, the guideline value ensures that the government receives appropriate revenue from property transactions. It is essential for buyers to be aware of the guideline value to avoid underreporting the sale price, which could lead to legal complications.

Frequently asked questions

What is the current guideline value of Samundeeswari Naga Potheri (Ward-20)?

The current guideline value of Samundeeswari Naga Potheri (Ward-20) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Samundeeswari Naga Potheri?

Samundeeswari Naga Potheri is classified as Residential Special Type - II.

What is the stamp duty rate for properties in Samundeeswari Naga Potheri?

The stamp duty rate for properties in Samundeeswari Naga Potheri is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Samundeeswari Naga Potheri?

The Sub Registrar Office covering Samundeeswari Naga Potheri is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.