Guideline Value for Saminatha Nagar 1st Cross Street

Saminatha Nagar 1st Cross Street guideline value

The current guideline value of Saminatha Nagar 1st Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Saminatha Nagar 1st Cross Street has changed

The guideline value for Saminatha Nagar 1st Cross Street has seen significant changes over the years. The earliest recorded revision in 2003 set the value at Rs 457 per sq.ft. This figure increased to Rs 1,500 per sq.ft in 2007, marking a substantial rise of 228%. Following that, the value reached Rs 3,500 per sq.ft in 2012, which was a 133% increase from the previous revision. However, in 2017, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024, reflecting an 11% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2003 to 2024, the value has increased by 753%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which aligns with the current guideline value of Saminatha Nagar 1st Cross Street.

• Saminatha Nagar 10th Main Road: Rs 3,900 per sq.ft (2024)
• Saminatha Nagar 1st Joining Road: Rs 3,900 per sq.ft (2024)
• Saminatha Nagar 1st Main Road: Rs 3,900 per sq.ft (2024)
• Saminatha Nagar 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Saminatha nagar 2nd Main Road: Rs 3,900 per sq.ft (2024)
• Saminatha Nagar 3rd Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Saminatha Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Saminatha Nagar 1st Cross Street?

The Sub Registrar Office covering Saminatha Nagar 1st Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

Frequently asked questions

What is the current guideline value of Saminatha Nagar 1st Cross Street?

The current guideline value of Saminatha Nagar 1st Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 457 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 753% over this period.

What is the land classification for Saminatha Nagar 1st Cross Street?

Saminatha Nagar 1st Cross Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, and covers Saminatha Nagar 1st Cross Street.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total cost of Rs 3,51,000 in fees.