Guideline Value for Sami Pandaram Street

Sami Pandaram Street guideline value

The current guideline value of Sami Pandaram Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village, under the Periamet SRO, and is classified as Residential Special Type - II.

How the guideline value of Sami Pandaram Street has changed

The guideline value for Sami Pandaram Street has seen several revisions over the years. The earliest recorded value is from 2007, set at Rs 2,000 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in 2012, but then dropped to Rs 3,685 per sq.ft in 2017. The value rose again to Rs 5,500 per sq.ft in 2023, and most recently, it has reached Rs 6,000 per sq.ft in 2024, marking a 9% increase from the previous year.

Between the revisions, the changes in guideline value are notable. From 2007 to 2012, there was a substantial increase of 175%. However, from 2012 to 2017, the value decreased by 33%. The increase from 2017 to 2023 was significant at 49%. Overall, from 2007 to 2024, the guideline value has increased by 200%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Sami Pandaram Street's 2024 figure above this median.

• Sadasiva Pillai Street: Rs 4,400 per sq.ft (2024)
• Sadasiva Pillai Lane / Street: Rs 4,900 per sq.ft (2024)
• Sathyavani Muthu nagar Hut: Rs 2,500 per sq.ft (2024)
• Rex Street: Rs 2,500 per sq.ft (2024)
• Seshagiri Iyer street: Rs 2,600 per sq.ft (2024)
• Singanna Chetty Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sami Pandaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total to Rs 5,40,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sami Pandaram Street?

The Sub Registrar Office that covers Sami Pandaram Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Chindadripet. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of real estate.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sami Pandaram Street?

The current guideline value of Sami Pandaram Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 200% over the years.

What are the other streets in Chindadripet with their guideline values?

Other streets in Chindadripet include Sadasiva Pillai Street at Rs 4,400 per sq.ft, Sadasiva Pillai Lane / Street at Rs 4,900 per sq.ft, and Singanna Chetty Street at Rs 6,600 per sq.ft, among others.

What fees are involved in buying property in Sami Pandaram Street?

When buying property, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sami Pandaram Street?

The Sub Registrar Office for Sami Pandaram Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.