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Guideline Value

Corporate

Guideline Value for Sammandham Nagar 1st Cross Street

₹1540/sq.ft.

The guideline value for Sammandham Nagar 1st Cross Street in Kunrathour-b village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kunrathour-b

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sammandham Nagar 1st Cross Street

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Sammandham Nagar 1st Cross Street guideline value

The current guideline value of Sammandham Nagar 1st Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Special Type - I.

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

The guideline value for Sammandham Nagar 1st Cross Street has undergone several revisions over the years. The 2017 revision recorded a guideline value of Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision. The most recent revision in 2024 set the guideline value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, and overall, from 2017 to 2024, the guideline value has risen by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which matches the current value of Sammandham Nagar 1st Cross Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. Please 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 Sammandham Nagar 1st Cross Street?

The Sub Registrar Office covering Sammandham Nagar 1st Cross Street 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 Kunrathour-B

The guideline value is an essential factor during property registration in Kunrathour-B. It determines the minimum value at which a property can be sold and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It ensures transparency in transactions and helps in assessing the financial obligations associated with property registration.

Frequently asked questions

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

The current guideline value of Sammandham Nagar 1st Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, and now to Rs 1,540 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600. The duty is assessed on the higher of the guideline value or the sale price.

Which office handles registrations for Sammandham Nagar 1st Cross Street?

The Kunrathur Sub Registrar Office handles registrations for Sammandham Nagar 1st Cross Street. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

Sammandham Nagar 1st Cross Street is classified as Residential Special Type - I. This classification is important for determining the guideline value and property regulations in the area.