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 area is located in Vallancheri village and falls under the Chengleput Joint II SRO, 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 set the value at 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 latest 2024 revision has further increased it to Rs 1,980 per sq.ft.

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

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value across these streets is Rs 825 per sq.ft, placing Samundeeswari Naga Potheri's 2024 guideline value above this median.

• Ruthra Avenue (Tai): Rs 880 per sq.ft (2024)
• Rubi Avenue: Rs 1,100 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, and the registration fee at 2% would be Rs 39,600, making the total cost 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.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

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

The Sub Registrar Office that covers Samundeeswari Naga Potheri (Ward-20) is the Chengleput Joint II 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 Vallancheri

The guideline value is a crucial factor when registering property transactions in Vallancheri. It serves as the basis for calculating the stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the Registration Department.

When a property is sold, the guideline value helps determine the minimum amount at which the property can be registered. This ensures transparency and compliance with the regulations governing property transactions in the area.

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 are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 1,78,200.

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

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