Guideline Value for Sampathkumar Street

Sampathkumar Street guideline value

The current guideline value of Sampathkumar Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Sampathkumar Street has changed

The guideline value for Sampathkumar Street has experienced several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 450 per sq.ft. This value saw a significant increase to Rs 2,500 per sq.ft in 2012, marking a rise of 456%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The guideline value then increased to Rs 2,500 per sq.ft in 2023, and subsequently rose to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for Sampathkumar Street in the revisions of 2002 and 2003. From 2017 to 2023, the increase was 49%, and overall, from 2007 to 2024, the guideline value has increased by 511%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Sampathkumar Street is above this median.

• Sangeetha Sabha: Rs 1,300 per sq.ft (2024)
• Sakthi Garden Phase II: Rs 4,400 per sq.ft (2024)
• Sakthi Garden Phase I: Rs 4,400 per sq.ft (2024)
• Sakthi Garden: Rs 4,400 per sq.ft (2024)
• Santha Nagar: Rs 2,200 per sq.ft (2024)
• Sarada Garden: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sampathkumar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. 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 Sampathkumar Street?

The Sub Registrar Office that covers Sampathkumar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Selaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is taken into account to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Sampathkumar Street?

The current guideline value of Sampathkumar Street is Rs 2,750 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 450 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 511%.

What are the stamp duty and registration fees for property in Sampathkumar Street?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Sampathkumar Street?

The Selaiyur Sub Registrar Office covers Sampathkumar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the guideline value determined for properties in Selaiyur?

The guideline value is determined by the Registration Department and reflects the minimum value at which properties can be registered in Selaiyur, based on various factors including location and land classification.