Guideline Value for Samayapurathamman Nagar

Samayapurathamman Nagar guideline value

The current guideline value of Samayapurathamman Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vallam village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Samayapurathamman Nagar has changed

The guideline value for Samayapurathamman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision had a lower value of Rs 134 per sq.ft, marking a decrease from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the value increased by 49%, while from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 200 per sq.ft.

Guideline values in Vallam

In Vallam village, there are 51 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the guideline value of Samayapurathamman Nagar.

• Saravanapuri Nagar: Rs 150 per sq.ft (2024)
• Rayappar Street: Rs 200 per sq.ft (2024)
• Sivan Koil Street: Rs 200 per sq.ft (2024)
• Sowndari garden: Rs 600 per sq.ft (2024)
• Sri Arabindo Nagar (Vasantham Nature City): Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Samayapurathamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Samayapurathamman Nagar?

The Sub Registrar Office that covers Samayapurathamman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vallam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both legal and financial purposes. It ensures transparency in property dealings and helps in calculating the necessary fees accurately.

Frequently asked questions

What is the current guideline value of Samayapurathamman Nagar?

The current guideline value of Samayapurathamman Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed through several revisions, with the most recent being Rs 200 per sq.ft in both 2023 and 2024. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the median guideline value in Vallam?

The median guideline value in Vallam is Rs 200 per sq.ft, which is the same as the guideline value for Samayapurathamman Nagar.

What are the stamp duty and registration fees for properties in Samayapurathamman Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Samayapurathamman Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Samayapurathamman Nagar. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.