Guideline Value for SAMUTHRA DEVAR ROAD

Samuthra Devar Road guideline value

The current guideline value of Samuthra Devar Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This road is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Samuthra Devar Road has changed

The guideline value for Samuthra Devar Road has seen several revisions over the years. In 2003, the value was Rs 310 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2007. The value then rose to Rs 1,500 per sq.ft in 2012, but dropped to Rs 1,005 per sq.ft in 2017. Following this, the value increased to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,700 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002.

From 2003 to 2024, the overall change in guideline value is +448%. Notably, the change from 2023 to 2024 is +13%, while the increase from 2017 to 2023 is +49%. The value decreased by -33% from 2012 to 2017, and increased by +50% from 2007 to 2012. The most significant increase occurred between 2003 and 2007, with a rise of +223%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value is Rs 1,700 per sq.ft, which is equal to the guideline value of Samuthra Devar Road.

• Samuthra Dwaraga Salai: Rs 3,900 per sq.ft (2024)
• Sanakran Thottam: Rs 1,700 per sq.ft (2024)
• Sampath Salai: Rs 1,100 per sq.ft (2024)
• Sangothaiamman Koil East Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil North Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil South Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Samuthra Devar Road

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Samuthra Devar Road?

The Sub Registrar Office that covers Samuthra Devar Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Uthandi, as it determines the minimum value at which property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. Accurate knowledge of the guideline value helps in making informed decisions regarding property transactions.

Frequently asked questions

What is the current guideline value of Samuthra Devar Road?

The current guideline value of Samuthra Devar Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 310 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of +448% over this period.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles property registrations for Samuthra Devar Road?

The Neelankarai Sub Registrar Office handles property registrations for Samuthra Devar Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating stamp duty and registration fees during property transactions in Uthandi.