Guideline Value for Samipuram

Samipuram guideline value

The current guideline value of Samipuram is Rs 3,400 per sq.ft, effective from 1 July 2024. This area is located in Egmore village under the Periamet SRO, classified as Residential Class III Type - II.

How the guideline value of Samipuram has changed

The guideline value for Samipuram has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 749 per sq.ft. This value increased to Rs 826 per sq.ft in 2003, marking a change of +10%. The next significant jump occurred in 2007, where the value rose to Rs 1,500 per sq.ft, an increase of +82%. Following this, the value surged to Rs 3,100 per sq.ft in 2012, reflecting a remarkable increase of +107%. However, from 2012 to 2017, the value decreased to Rs 2,077 per sq.ft, a decline of -33%. The guideline value then increased significantly to Rs 3,100 per sq.ft in 2023, which was a rise of +49%. Finally, the latest revision in 2024 set the value at Rs 3,400 per sq.ft, an increase of +10% from the previous year.

There are no figures available for the revisions in years other than those specified. Overall, from 2002 to 2024, the guideline value has increased by +354%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with the 2024 guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, indicating that the guideline value for Samipuram is below this median.

• Sami reddy street: Rs 7,100 per sq.ft (2024)
• Sami chetty street: Rs 7,100 per sq.ft (2024)
• Sait Colony 3rd Street: Rs 13,400 per sq.ft (2024)
• Sait colony 2nd street: Rs 13,400 per sq.ft (2024)
• Sait colony 1st street: Rs 13,400 per sq.ft (2024)
• Sadhu Chetty street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Samipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total charges to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Samipuram?

The Sub Registrar Office that covers Samipuram 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 Egmore

The guideline value is a crucial factor during the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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 stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Samipuram?

The current guideline value of Samipuram is Rs 3,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 749 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of +354%.

What is the stamp duty rate for properties in Samipuram?

The stamp duty rate for properties in Samipuram is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Samipuram?

The Sub Registrar Office for Samipuram is located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value for streets in Egmore?

The median guideline value for streets in Egmore is Rs 7,100 per sq.ft, with Samipuram's value being below this median.