Guideline Value for Samiar Thottam

Samiar Thottam guideline value

The current guideline value of Samiar Thottam is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Kadaperi village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Samiar Thottam has changed

The guideline value for Samiar Thottam has seen several revisions over the years. The earliest recorded revision was in 2007, when the value was Rs 600 per sq.ft. This increased to Rs 1,500 per sq.ft in 2012, but then decreased to Rs 1,005 per sq.ft in 2017. The most recent revisions show a significant increase, with the value rising to Rs 1,500 per sq.ft in 2023 and then to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

Kadaperi village comprises 142 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Samiar Thottam.

• R.V.Garden: Rs 2,200 per sq.ft (2024)
• Ranga Street: Rs 2,200 per sq.ft (2024)
• Ranganathapuram Ist Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram Ist Cross Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 7th Street: Rs 2,750 per sq.ft (2024)
• Ranganathapuram 6th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Samiar Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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 Samiar Thottam?

The Sub Registrar Office that covers Samiar Thottam is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Kadaperi. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, understanding the guideline value helps in budgeting for additional costs associated with the transaction. It is advisable to check the latest guideline values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Samiar Thottam?

The current guideline value of Samiar Thottam is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 175% over this period.

What are the other streets in Kadaperi and their guideline values?

Other streets in Kadaperi include R.V.Garden and Ranga Street at Rs 2,200 per sq.ft, and several streets in Ranganathapuram at Rs 2,750 per sq.ft. The median guideline value for Kadaperi is Rs 1,650 per sq.ft.

What fees are involved when registering property in Samiar Thottam?

When registering property in Samiar Thottam, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Samiar Thottam?

The Sub Registrar Office for Samiar Thottam is located at No.26, Mes Road, East Tambaram, Chennai-600059. It falls under the Chengalpattu registration zone.