Guideline Value for SAMUNDEESWARI NAGAR

Samundeeswari Nagar guideline value

The current guideline value of Samundeeswari Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Samundeeswari Nagar has changed

The guideline value for Samundeeswari Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft, which decreased to Rs 469 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 700 per sq.ft. The 2023 revision maintained this figure, and the same Rs 700 per sq.ft will continue from the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for Samundeeswari Nagar. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 40%.

Guideline values in Ponneri

In Ponneri village, there are 120 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft. The median value is Rs 700 per sq.ft, which is the same as the current guideline value for Samundeeswari Nagar. Below are some other streets in Ponneri:

• Sankarapandiyan Nagar: Rs 700 per sq.ft (2024)
• Sharma Avenue: Rs 1,200 per sq.ft (2024)
• Sivan Kovil St: Rs 900 per sq.ft (2024)
• Sivan Kovil Street: Rs 700 per sq.ft (2024)
• Sivaraj Street: Rs 1,200 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Samundeeswari Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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.

Which Sub Registrar Office covers Samundeeswari Nagar?

The Sub Registrar Office that covers Samundeeswari Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ponneri. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a fair price for the transaction, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Samundeeswari Nagar?

The current guideline value of Samundeeswari Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, there has been a 40% increase.

What are the guideline values of other streets in Ponneri?

Other streets in Ponneri have varying guideline values, with rates ranging from Rs 201 to Rs 1,200 per sq.ft. Samundeeswari Nagar's value aligns with the median of Rs 700 per sq.ft.

How is stamp duty calculated for properties in Samundeeswari Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000.

Where is the Sub Registrar Office for Samundeeswari Nagar located?

The Sub Registrar Office for Samundeeswari Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all property registrations in the area.