Guideline Value for Samanathar Street

Samanathar Street guideline value

The current guideline value of Samanathar Street in Pozhichalur village, under the Pammal SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Samanathar Street has changed

The guideline value for Samanathar Street has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,005 per sq.ft in 2017, marking a rise of 151%. Following this, the 2023 revision set the value at Rs 1,500 per sq.ft, reflecting a 49% increase from the previous revision. The latest revision in 2024 has raised the guideline value to Rs 1,650 per sq.ft, representing a 10% increase from 2023. Notably, there are no figures available for the years 2002, 2003, and 2012 in the register for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Samanathar Street's 2024 guideline value of Rs 1,650 per sq.ft is above this median.

• Sanumuga Nagar: Rs 1,320 per sq.ft (2024)
• Sathavarayan Koil Street: Rs 1,100 per sq.ft (2024)
• Sathish Nagar: Rs 1,100 per sq.ft (2024)
• Sathish Nagar Veerasamy Street: Rs 1,100 per sq.ft (2024)
• Roja Street (4): Rs 1,100 per sq.ft (2024)
• Ram Street, Shanmuga Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Samanathar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total charges to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samanathar Street?

The Sub Registrar Office that covers Samanathar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pozhichalur. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two values is used to determine the applicable duties and fees, ensuring that the government receives the correct amount based on the current market conditions.

Frequently asked questions

What is the current guideline value of Samanathar Street?

The current guideline value of Samanathar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 313% over the years.

What are the stamp duty and registration fees for property in Samanathar Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Samanathar Street?

The Pammal Sub Registrar Office covers Samanathar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Samanathar Street?

Samanathar Street is classified as Residential Class I Type - I, which indicates its designated use for residential purposes.