Guideline Value for Samdhariya Nagar

Samdhariya Nagar guideline value

The current guideline value of Samdhariya Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Selavoyal village under the Madhavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Samdhariya Nagar has changed

Over the years, the guideline value for Samdhariya Nagar has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which decreased to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 22%.

Guideline values in Selavoyal

In Selavoyal village, there are 170 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft, where the median value is Rs 2,200 per sq.ft. The guideline value for Samdhariya Nagar aligns with this median.

• Samy Thottam Govindasamy Street: Rs 2,200 per sq.ft (2024)
• Sankarlingam Nagar: Rs 2,200 per sq.ft (2024)
• Sannathi Street: Rs 1,900 per sq.ft (2024)
• Saiwari Garden: Rs 3,300 per sq.ft (2024)
• Sai Nagar: Rs 3,300 per sq.ft (2024)
• R.V. Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Samdhariya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is essential 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 Samdhariya Nagar?

The Sub Registrar Office that covers Samdhariya Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Selavoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Samdhariya Nagar?

The current guideline value of Samdhariya Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Samdhariya Nagar?

Samdhariya Nagar is classified as Residential Class II Type - I according to the local land classification regulations.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Samdhariya Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.