Guideline Value for SAMUNDEESWARI NAGAR

Samundeeswari Nagar guideline value

The current guideline value of Samundeeswari Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam_2 village under the Ponneri SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Samundeeswari Nagar has changed

The guideline value for Samundeeswari Nagar has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 134 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 124%. The 2024 revision also maintains this value at Rs 300 per sq.ft, showing no change from the previous year.

Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 124%, reflecting the changes in the property landscape over these years.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft, with a median of Rs 300 per sq.ft. The guideline value for Samundeeswari Nagar is equal to this median.

• Senthamizh Nagar: Rs 400 per sq.ft (2024)
• Sindur Nagar: Rs 300 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 300 per sq.ft (2024)
• Prakash Garden: Rs 300 per sq.ft (2024)
• Sri Meenal Nagar: Rs 300 per sq.ft (2024)
• Pon Nagar Kilaku: Rs 300 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, which totals Rs 21,000, and the registration fee is 2%, amounting to Rs 6,000. Together, the total fees would be Rs 27,000. It is important to note that 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 further assistance.

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, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value is a crucial factor during the registration of property transactions in Thadaperumbakkam_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Samundeeswari Nagar?

The current guideline value of Samundeeswari Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 300 per sq.ft in both the 2023 and 2024 revisions, representing a total increase of 124% over this period.

What are the other streets in Thadaperumbakkam_2?

Other streets in Thadaperumbakkam_2 include Senthamizh Nagar, Sindur Nagar, Sri Devi Gayathri Nagar, Prakash Garden, Sri Meenal Nagar, and Pon Nagar Kilaku, with varying guideline values.

What are the stamp duty and registration fees for property in Samundeeswari Nagar?

The total stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

Where is the Sub Registrar Office for Samundeeswari Nagar located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in Samundeeswari Nagar.