Guideline Value for Samayapuram

Samayapuram guideline value

The current guideline value of Samayapuram, located in Erandankattalai village under the Pammal SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Samayapuram has changed

Since the 2017 revision, the guideline value for Samayapuram has seen significant changes. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023, marking a 49% rise. The most recent 2024 revision has further increased the value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 770 to Rs 4,270 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value for Samayapuram.

• Samayapuram Extn -I: 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

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 fees together to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Samayapuram?

The Sub Registrar Office that covers Samayapuram is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 is a crucial factor in property transactions in Erandankattalai. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Samayapuram?

The current guideline value of Samayapuram 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 increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, which is a total increase of 64% over the years.

What are the other streets in Erandankattalai with their guideline values?

Other streets in Erandankattalai include Samayapuram Extn -I and Samayapuram Extn -II, both at Rs 1,100 per sq.ft, Sanar Street at Rs 770 per sq.ft, Sai Nagar at Rs 2,300 per sq.ft, Sadhanandhapuram at Rs 1,100 per sq.ft, and Royal Enclave at Rs 2,465 per sq.ft.

What fees are applicable when buying property in Samayapuram?

When buying property in Samayapuram, buyers need to consider the stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Samayapuram located?

The Sub Registrar Office for Samayapuram is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.