Guideline Value for SAMUTHUVA NAGAR

Samuthuva Nagar guideline value

The current guideline value of Samuthuva Nagar is Rs 500 per sq.ft, effective from the 2024 revision. This area is located in Palur-A village under the Chengleput Joint II SRO, classified as Residential Class V Type - I.

How the guideline value of Samuthuva Nagar has changed

The guideline value for Samuthuva Nagar has seen several revisions over the years. The earliest recorded value was in 2017, set at Rs 335 per sq.ft. This value remained unchanged until the 2023 revision, which also recorded Rs 500 per sq.ft. In the 2024 revision, the guideline value remained at Rs 500 per sq.ft, indicating no change from the previous year.

Between 2017 and 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value rose by the same percentage of 49%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. Samuthuva Nagar's 2024 guideline value of Rs 500 per sq.ft is above this median.

• Sapthagiri Avenue: Rs 400 per sq.ft (2024)
• Sai Linga Nagar: Rs 400 per sq.ft (2024)
• Saba Garden: Rs 400 per sq.ft (2024)
• Raju Royal Garden Extn: Rs 600 per sq.ft (2024)
• Raju Royal Garden: Rs 400 per sq.ft (2024)
• Rail Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Samuthuva Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total fees together Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Samuthuva Nagar?

Samuthuva Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is a crucial factor in the registration process when buying or selling property in Palur-A. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized and documented.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher value between the guideline value and the sale price. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Samuthuva Nagar?

The current guideline value of Samuthuva Nagar is Rs 500 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles registrations for Samuthuva Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Samuthuva Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Samuthuva Nagar?

Samuthuva Nagar is classified as Residential Class V Type - I, indicating its suitability for residential purposes.