Guideline Value for Samima Nagar

Samima Nagar guideline value

The current guideline value of Samima Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Kolapakkam village and falls under the Pammal SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Samima Nagar has changed

The guideline value for Samima Nagar has undergone several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 1,005 per sq.ft. This value increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,650 to Rs 6,850 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Samima Nagar is below this median.

• Sabapathy Nagar: Rs 2,750 per sq.ft (2024)
• Ramamoorthy Avenue Extn.: Rs 2,750 per sq.ft (2024)
• Ramamoorthi Avenue: Rs 2,750 per sq.ft (2024)
• Ramakrishna Nagar Avenue: Rs 2,750 per sq.ft (2024)
• Ramakrishna Nagar Annex: Rs 3,290 per sq.ft (2024)
• Ramakrishna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Samima Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samima Nagar?

The Sub Registrar Office that covers Samima Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Kolapakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the transfer of property ownership. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When purchasing property, the guideline value can influence the final sale price, as it is used to determine the applicable duties and fees. Understanding the guideline value helps in making informed decisions during property transactions in the area.

Frequently asked questions

What is the current guideline value of Samima Nagar?

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for property in Samima Nagar?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office is responsible for Samima Nagar?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone, is responsible for Samima Nagar.

What is the land classification for Samima Nagar?

The land classification for Samima Nagar is Residential Class IV Type - I.