Guideline Value for Samburna Avenue

Samburna Avenue guideline value

The current guideline value of Samburna Avenue is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class III Type - I.

How the guideline value of Samburna Avenue has changed

The guideline value for Samburna Avenue has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 800 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a change of +525%. The value remained unchanged at Rs 5,000 per sq.ft until the 2023 revision, where it increased to Rs 5,000 per sq.ft again. The latest revision in 2024 raised the value to Rs 5,500 per sq.ft, reflecting a +10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by +588%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, placing Samburna Avenue's 2024 figure above this median.

• Sambasivan Street: Rs 4,100 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 Samburna Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samburna Avenue?

The Sub Registrar Office that covers Samburna Avenue 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 is a crucial factor in the registration process of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Samburna Avenue?

The current guideline value of Samburna Avenue is Rs 5,500 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 5,500 per sq.ft in 2024, marking an overall increase of +588% over this period.

What are the stamp duty and registration fees for property transactions?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers Samburna Avenue?

The Ashok Nagar Sub Registrar Office covers Samburna Avenue, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

Where can I find more information about guideline values in Kodambakkam?

More information about guideline values in Kodambakkam can be found in the registration department's guideline value register (TNReginet) or by visiting the respective Sub Registrar Office.