Guideline Value for Sambasivan Street

Sambasivan Street guideline value

The current guideline value of Sambasivan Street is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO and is classified as Residential Class IV Type - I.

How the guideline value of Sambasivan Street has changed

The guideline value for Sambasivan Street has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 800 per sq.ft. This was a significant increase to Rs 3,750 per sq.ft in the 2012 revision, marking a change of 369%. The value remained unchanged at Rs 3,750 per sq.ft through the 2023 revision. With the latest revision in 2024, the guideline value increased to Rs 4,100 per sq.ft, reflecting a change of 9% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 413%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. Sambasivan Street's 2024 guideline value is below this median.

• Samburna Avenue: Rs 5,500 per sq.ft (2024)
• Samiyar Thottam Street: Rs 7,000 per sq.ft (2024)
• Sakthi Vinayagar Koil Street: Rs 4,100 per sq.ft (2024)
• Sangaralinganar Street S.No. 400/B, 406/B: Rs 3,300 per sq.ft (2024)
• Sangeetha Colony: Rs 7,700 per sq.ft (2024)
• Sanjai Gandhi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sambasivan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, totaling Rs 3,69,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sambasivan Street?

The Sub Registrar Office that covers Sambasivan Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is documented accurately. This value is essential for both buyers and sellers to understand the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Sambasivan Street?

The current guideline value of Sambasivan Street is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 800 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, marking an overall increase of 413% over the years.

What are the stamp duty and registration fees for property in Sambasivan Street?

For a property valued at Rs 41,00,000, the stamp duty would be Rs 2,87,000 and the registration fee would be Rs 82,000, totaling Rs 3,69,000.

Which Sub Registrar Office is responsible for Sambasivan Street?

The Ashok Nagar Sub Registrar Office is responsible for Sambasivan Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Sambasivan Street?

Sambasivan Street is classified as Residential Class IV Type - I according to the guideline value register.