Guideline Value for Sampath Thottam

Sampath Thottam guideline value

The current guideline value of Sampath Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sampath Thottam has changed

The guideline value register has no figures for Sampath Thottam for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 1,700 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in the previous revisions. Therefore, the only figure available is from the 2024 revision.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for this area is Rs 2,200 per sq.ft, placing Sampath Thottam's 2024 figure below that median.

• Samuthra Dwaraga Salai: Rs 3,300 per sq.ft (2024)
• S.A.Michealraj Thottam: Rs 1,700 per sq.ft (2024)
• Sankamam Layout: Rs 2,800 per sq.ft (2024)
• Santhosh Garden: Rs 3,300 per sq.ft (2024)
• Santhosh Garden, Vijaya Nagar, Sai Illam: Rs 3,300 per sq.ft (2024)
• Santhosh Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sampath Thottam

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sampath Thottam?

The Sub Registrar Office that covers Sampath Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process of property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property in the area.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sampath Thottam?

The current guideline value of Sampath Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

What revisions have been made to the guideline value of Sampath Thottam?

The guideline value register has no figures for Sampath Thottam for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

How does Sampath Thottam's guideline value compare to other streets?

The guideline value of Sampath Thottam is Rs 1,700 per sq.ft, which is below the median guideline value of Rs 2,200 per sq.ft for Sholinganallur - 1. Other streets in the area have higher values, such as Samuthra Dwaraga Salai at Rs 3,300 per sq.ft.

What are the stamp duty and registration fees for property in Sampath Thottam?

For a 1,000 sq.ft plot, the guideline value is Rs 17,00,000, leading to a stamp duty of Rs 1,19,000 and a registration fee of Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office covers Sampath Thottam?

The Neelankarai Sub Registrar Office covers Sampath Thottam, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.