Guideline Value for SAMUTHRA DWARAGA SALAI

Samuthra Dwaraga Salai guideline value

The current guideline value of Samuthra Dwaraga Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Samuthra Dwaraga Salai has changed

The guideline value register does not have figures for Samuthra Dwaraga Salai for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 3,300 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in the guideline value register. As such, the 2024 figure stands alone without any changes noted in the previous revisions.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median for these streets is Rs 2,200 per sq.ft, placing Samuthra Dwaraga Salai's 2024 figure above that median.

• Sampath Thottam: Rs 1,700 per sq.ft (2024)
• S.A.Michealraj Thottam: Rs 1,700 per sq.ft (2024)
• Sankamam Layout: Rs 2,800 per sq.ft (2024)
• Santhosh Garden: Rs 3,300 per sq.ft (2024)
• Santhosh Garden, Vijaya Nagar, Sai Illam: Rs 3,300 per sq.ft (2024)
• Santhosh Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Samuthra Dwaraga Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samuthra Dwaraga Salai?

The Sub Registrar Office that covers Samuthra Dwaraga Salai 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 details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall costs involved in the transaction. Buyers should ensure they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Samuthra Dwaraga Salai?

The current guideline value of Samuthra Dwaraga Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

What is the land classification for Samuthra Dwaraga Salai?

Samuthra Dwaraga Salai is classified as Residential Class II Type - I according to the guideline value register.

How many streets are there in Sholinganallur - 1?

There are 754 streets in the village of Sholinganallur - 1 that carry a guideline value as per the 2024 revision.

What is the median guideline value in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is below the current value of Samuthra Dwaraga Salai.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.