Guideline Value for Sami Achari Street

Sami Achari Street guideline value

The current guideline value of Sami Achari Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO and is classified as Residential Class II Type - I.

How the guideline value of Sami Achari Street has changed

The guideline value for Sami Achari Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,145 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this value decreased to Rs 3,350 per sq.ft in 2017. The 2023 revision saw a rise to Rs 5,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 5,500 per sq.ft. The register has no figures for the years 2002 and 2003.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 337%. However, from 2012 to 2017, it saw a decrease of 33%. The value surged by 49% from 2017 to 2023, and then increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has risen by 380%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, placing Sami Achari Street's 2024 guideline value below this median.

• Sami Pillai Street: Rs 5,500 per sq.ft (2024)
• Sannathi Street: Rs 6,600 per sq.ft (2024)
• Sardarjung Garden 1st Street: Rs 6,600 per sq.ft (2024)
• Sardarjung Garden 2nd Street: Rs 6,600 per sq.ft (2024)
• Sardarjung Garden 3rd Street: Rs 6,600 per sq.ft (2024)
• Sardarjung Garden Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sami Achari Street

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the 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, totaling Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sami Achari Street?

The Sub Registrar Office covering Sami Achari Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that the transaction is recorded at a value that reflects the market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sami Achari Street?

The current guideline value of Sami Achari Street 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 changed from Rs 1,145 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 380% over the years.

What is the median guideline value in Triplicane?

The median guideline value in Triplicane is Rs 6,600 per sq.ft, with Sami Achari Street's value being below this median at Rs 5,500 per sq.ft.

What are the stamp duty and registration fees for properties in Sami Achari Street?

The stamp duty for a property valued at Rs 55,00,000 would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office for Sami Achari Street located?

The Sub Registrar Office for Sami Achari Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.