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_2 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 seen revisions over the years. In the 2017 revision, the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, representing a 49% increase from 2017 to 2023. The 2024 revision also maintains the guideline value at Rs 700 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with the median being Rs 700 per sq.ft. The guideline value for Samundeeswari Nagar is equal to this median.

• Samayapuri Mudaliar St: Rs 702 per sq.ft (2024)
• Sakthi & Rajiv Appartment: Rs 702 per sq.ft (2024)
• Sakthi Nagar Ext: Rs 702 per sq.ft (2024)
• Sakthi Nagar: Rs 702 per sq.ft (2024)
• Ramaswami Chetty Street: Rs 700 per sq.ft (2024)
• Shankar Nagar: Rs 702 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, bringing the total to Rs 63,000. Please 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 Samundeeswari Nagar area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor in the registration process when buying or selling property in Ponneri_2. It determines the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

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?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 700 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall.

What is the land classification for Samundeeswari Nagar?

Samundeeswari Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office for Samundeeswari Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Samundeeswari Nagar?

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