Guideline Value for Samayapurathamman Koil Street

Samayapurathamman Koil Street guideline value

The current guideline value of Samayapurathamman Koil Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village, under the Sowcarpet SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Samayapurathamman Koil Street has changed

The guideline value for Samayapurathamman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2003, when the guideline value was Rs 804 per sq.ft. This increased to Rs 1,000 per sq.ft in 2007, marking a 24% rise. The value then saw a significant increase to Rs 3,500 per sq.ft in 2012, which was a 250% jump. However, in 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a 33% decline. The guideline value rose again to Rs 3,500 per sq.ft in 2023, and then to the current rate of Rs 3,800 per sq.ft in 2024, which is a 9% increase.

There is no recorded figure for Samayapurathamman Koil Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 373%.

Guideline values in Muthiyalpet

The guideline values for properties in Muthiyalpet range from Rs 3,800 to Rs 16,500 per sq.ft as of 2024, with a median value of Rs 4,400 per sq.ft. The guideline value of Samayapurathamman Koil Street is below this median.

• Sambaiyer Street: Rs 4,400 per sq.ft (2024)
• Sami Maistry Street: Rs 4,400 per sq.ft (2024)
• Samudra Mudali Street: Rs 4,400 per sq.ft (2024)
• Sakkarai Street: Rs 4,400 per sq.ft (2024)
• Saint Xavier Street: Rs 8,800 per sq.ft (2024)
• Sahib Hazarath Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Samayapurathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samayapurathamman Koil Street?

The Sub Registrar Office that covers Samayapurathamman Koil Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Muthiyalpet, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable to the government.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any potential disputes regarding property valuation at the time of registration.

Frequently asked questions

What is the current guideline value of Samayapurathamman Koil Street?

The current guideline value of Samayapurathamman Koil Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 373% over this period.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which office handles registrations for this street?

The Sowcarpet Sub Registrar Office handles registrations for Samayapurathamman Koil Street, located at No.11, Davidson Street, Sowcarpet, Chennai-01.

What is the land classification for Samayapurathamman Koil Street?

Samayapurathamman Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.