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 Potheri 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

The guideline value for Samundeeswari Naga Potheri has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,980 per sq.ft from the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, and from 2023 to 2024, the value rose by 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median value is Rs 770 per sq.ft, placing Samundeeswari Naga Potheri's current value above this median.

• Ruthra Avenue (Tai): Rs 880 per sq.ft (2024)
• School Street (Ward -1): Rs 770 per sq.ft (2024)
• Shanmugapriya Nagar (Ward-21): Rs 1,651 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)
• Rajivgandhi Street (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. Together, the total cost for these fees would be Rs 1,78,200. It is important to note that 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 further assistance.

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, 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 Potheri

The guideline value is an essential factor when registering property transactions in Potheri. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, it is crucial to consider the guideline value, as it directly affects the costs associated with the registration process. Buyers should ensure they are aware of the current guideline value to avoid any surprises during the transaction.

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 increased to Rs 1,800 per sq.ft in 2023, and is currently Rs 1,980 per sq.ft in 2024.

What is the land classification for Samundeeswari Naga Potheri?

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

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property in Samundeeswari Naga Potheri?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600.