Guideline Value for Samayapuram Extn -I

Samayapuram Extn -I guideline value

The current guideline value of Samayapuram Extn -I is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Erandankattalai village, under the Pammal Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Samayapuram Extn -I has changed

Over the years, the guideline value of Samayapuram Extn -I has seen several revisions. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, an increase from Rs 1,000 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the guideline value was Rs 670 per sq.ft, indicating a significant increase of +49% to reach the 2023 figure. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by +64%. This consistent rise reflects the adjustments made in the valuation of properties in the area.

Guideline values in Erandankattalai

Erandankattalai village has a total of 60 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 4,270 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is the same as the current guideline value for Samayapuram Extn -I.

• Samayapuram: Rs 1,100 per sq.ft (2024)
• Samayapuram Extn -II: Rs 1,100 per sq.ft (2024)
• Sanar Street: Rs 770 per sq.ft (2024)
• Sai Nagar: Rs 2,300 per sq.ft (2024)
• Sadhanandhapuram: Rs 1,100 per sq.ft (2024)
• Royal Enclave: Rs 2,465 per sq.ft (2024)

Stamp duty and registration fee for property in Samayapuram Extn -I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Please 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 details.

Which Sub Registrar Office covers Samayapuram Extn -I?

The Sub Registrar Office covering Samayapuram Extn -I 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 Erandankattalai

The guideline value plays a crucial role in the registration of property transactions in Erandankattalai. It is the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are conducted transparently and fairly, based on the established values for the area.

Frequently asked questions

What is the current guideline value of Samayapuram Extn -I?

The current guideline value of Samayapuram Extn -I is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, representing an overall increase of +64% during this period.

What is the land classification for Samayapuram Extn -I?

Samayapuram Extn -I is classified as Residential Class I 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 is the stamp duty calculated for properties in Samayapuram Extn -I?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.