Guideline Value for SAMUNDEESWARI NAGAR

Samundeeswari Nagar guideline value

The current guideline value of Samundeeswari Nagar is Rs 501 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Samundeeswari Nagar has changed

The guideline value for Samundeeswari Nagar has seen several revisions over the years. In 2012, the value was Rs 200 per sq.ft, which decreased to Rs 134 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 300 per sq.ft, marking a change of +124%. The most recent revision in 2024 raised the guideline value to Rs 501 per sq.ft, reflecting an increase of +67% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +151%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam village, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft, with a median value of Rs 501 per sq.ft. Samundeeswari Nagar's 2024 figure is equal to this median.

• Selvavinayagar Kudi Iruppu: Rs 501 per sq.ft (2024)
• Senthamizh Nagar: Rs 600 per sq.ft (2024)
• Shakthi Murugan Nagar: Rs 600 per sq.ft (2024)
• Ramachandira Nagar: Rs 501 per sq.ft (2024)
• Sindur Nagar: Rs 501 per sq.ft (2024)
• Sivagami Nagar: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in Samundeeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020, making the total fees together Rs 45,090. 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?

Samundeeswari Nagar falls under 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 Thadaperumbakkam

The guideline value is a crucial factor in the registration of property transactions in Thadaperumbakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not undervalued.

When buying or selling property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives 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 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 501 per sq.ft in 2024.

What are the other streets in Thadaperumbakkam with their guideline values?

Other streets in Thadaperumbakkam include Selvavinayagar Kudi Iruppu, Ramachandira Nagar, Sindur Nagar, and Sivagami Nagar, all at Rs 501 per sq.ft, while Senthamizh Nagar and Shakthi Murugan Nagar are at Rs 600 per sq.ft.

What is the stamp duty for property in Samundeeswari Nagar?

The stamp duty for property in Samundeeswari Nagar is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 5,01,000, the stamp duty would be Rs 35,070.

Which office handles property registrations in Samundeeswari Nagar?

The Ponneri Sub Registrar Office handles property registrations in Samundeeswari Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.