Guideline Value for Samandam Street

Samandam Street guideline value

The current guideline value of Samandam Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Samandam Street has changed

The guideline value for Samandam Street has seen significant changes over the years. In 2002, the value was Rs 100 per sq.ft, which increased to Rs 113 per sq.ft in 2003, marking a 13% rise. The value further rose to Rs 260 per sq.ft in 2007, reflecting a 130% increase from the previous revision. By 2017, the guideline value had jumped to Rs 1,139 per sq.ft, a substantial 338% increase from 2007.

The most recent revision in 2024 set the guideline value at Rs 1,870 per sq.ft, which is a 64% increase from the 2017 figure. Overall, from 2002 to 2024, the guideline value has increased by 1,770%.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, making the guideline value for Samandam Street below the median.

• Samandar Nagar: Rs 1,870 per sq.ft (2024)
• Samandar Street / Near Pammal Main Road: Rs 880 per sq.ft (2024)
• Sakthivel Street: Rs 1,760 per sq.ft (2024)
• Samuel Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar Krishna Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Samandam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total fees together to Rs 1,68,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Samandam Street?

Samandam Street falls under the jurisdiction of 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 Pammal

The guideline value plays a crucial role during the registration process when buying or selling property in Pammal. It acts as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Samandam Street?

The current guideline value of Samandam Street is Rs 1,870 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 100 per sq.ft in 2002 to Rs 1,870 per sq.ft in 2024, showing an overall increase of 1,770% over this period.

What is the land classification of Samandam Street?

Samandam Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu 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 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 1,68,300.