Guideline Value for Samiyar Thottam, Ponniammanmedu (Ward-22)

Samiyar Thottam, Ponniammanmedu (Ward-22) guideline value

The current guideline value of Samiyar Thottam, Ponniammanmedu (Ward-22) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Samiyar Thottam, Ponniammanmedu (Ward-22) has changed

The guideline value for Samiyar Thottam has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, the latest revision in 2024 has increased the guideline value to Rs 1,300 per sq.ft, which is a significant increase of 62% from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has seen a slight increase of 8%. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madhavaram

In Madhavaram village, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Samiyar Thottam is below this median.

• Samiyar Thottam (Ponniamman Medu): Rs 1,300 per sq.ft (2024)
• Samson Nagar: Rs 3,500 per sq.ft (2024)
• Samundeswari Nagar: Rs 1,300 per sq.ft (2024)
• Samy Nagar, Ponniammanmedu (Ward-24): Rs 1,300 per sq.ft (2024)
• Sakthivel Nagar, Ponniammanmedu (Ward-24): Rs 1,300 per sq.ft (2024)
• Sanjay Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Samiyar Thottam, Ponniammanmedu (Ward-22)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samiyar Thottam, Ponniammanmedu (Ward-22)?

The Sub Registrar Office that covers Samiyar Thottam, Ponniammanmedu (Ward-22) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling a property.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on the official value set by the authorities. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Samiyar Thottam, Ponniammanmedu (Ward-22)?

The current guideline value of Samiyar Thottam, Ponniammanmedu (Ward-22) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024.

What is the land classification of Samiyar Thottam?

Samiyar Thottam is classified as Residential Class III Type - I.

What are the other streets in Madhavaram with similar guideline values?

Other streets in Madhavaram with a guideline value of Rs 1,300 per sq.ft include Samundeswari Nagar, Samy Nagar (Ward-24), and Sakthivel Nagar (Ward-24).

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.