Guideline Value for SAMUTHRA DWARAGA SALAI

Samuthra Dwaraga Salai guideline value

The current guideline value of Samuthra Dwaraga Salai is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of Samuthra Dwaraga Salai has changed

The guideline value for Samuthra Dwaraga Salai has seen significant changes over the years. In 2003, the guideline value was Rs 248 per sq.ft. This increased to Rs 700 per sq.ft in 2007, marking a substantial rise of 182%. The value then surged to Rs 3,500 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, it decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and most recently, it has increased to Rs 3,900 per sq.ft in 2024, which is an increase of 11%.

Overall, from 2003 to 2024, the guideline value has increased by 1,473%. The register has no figure for the year 2002 for this street.

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, with a median value of Rs 1,700 per sq.ft. The guideline value of Samuthra Dwaraga Salai is above this median.

• Samuthra Devar Road: Rs 1,700 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 Dwaraga Salai

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the 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 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 information.

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

The guideline value is a critical factor when buying or selling property in Uthandi, as it determines the minimum price at which a property can be registered. Buyers should be aware that the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the seller must ensure that the sale price is not lower than the guideline value to avoid penalties. This ensures that the government receives appropriate revenue from property transactions, maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Samuthra Dwaraga Salai?

The current guideline value of Samuthra Dwaraga Salai is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 248 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 1,473% over this period.

What is the land classification for Samuthra Dwaraga Salai?

Samuthra Dwaraga Salai is classified as Residential Special Type - IV.

Where can I find the Sub Registrar Office for Samuthra Dwaraga Salai?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 39,00,000, the total stamp duty and registration fees would amount to Rs 3,51,000.