Guideline Value for Saminathan Nagar

Saminathan Nagar guideline value

The current guideline value of Saminathan Nagar is Rs 3,960 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village and falls under the Kunrathur SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Saminathan Nagar has changed

Over the years, the guideline value of Saminathan Nagar has seen significant changes. In 2003, the guideline value was Rs 106 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a 466% rise. The value then experienced a substantial increase to Rs 3,600 per sq.ft in 2012, representing a 500% jump. However, from 2012 to 2017, the value decreased to Rs 2,412 per sq.ft, a decline of 33%. The value rose again to Rs 3,600 per sq.ft in 2023, and currently stands at Rs 3,960 per sq.ft in 2024, reflecting a 10% increase from the previous year.

It is important to note that the register has no figure for Saminathan Nagar for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 3636%.

Guideline values in Kattupakkam

Kattupakkam village features a range of guideline values across its 75 streets under the Kunrathur SRO, with the 2024 figures ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Saminathan Nagar's 2024 figure above this median.

• Senthurpuram: Rs 3,960 per sq.ft (2024)
• Senthurpuram Annex: Rs 3,960 per sq.ft (2024)
• Senthurpuram Extension: Rs 3,960 per sq.ft (2024)
• Senthurpuram Extension II: Rs 3,960 per sq.ft (2024)
• Sri Arul Avenue: Rs 2,090 per sq.ft (2024)
• Sri Devi Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Saminathan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total cost for these fees to Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saminathan Nagar?

The Sub Registrar Office that covers Saminathan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattupakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Saminathan Nagar?

The current guideline value of Saminathan Nagar is Rs 3,960 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 106 per sq.ft in 2003 to Rs 3,960 per sq.ft in 2024, representing an overall increase of 3636% over this period.

What is the land classification for Saminathan Nagar?

Saminathan Nagar is classified as Commercial Class I Type - II, which indicates its use for commercial activities.

Where can I find the Sub Registrar Office for Saminathan Nagar?

The Sub Registrar Office for Saminathan Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.

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, for a plot valued at Rs 39,60,000, the total fees would amount to Rs 3,56,400.