Guideline Value for Sampooranam Nagar

Sampooranam Nagar guideline value

The current guideline value of Sampooranam Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in the village of Pillaippakkam-A under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Sampooranam Nagar has changed

The guideline value for Sampooranam Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the only recorded values are from 2017, 2023, and 2024, showing a consistent value of Rs 300 per sq.ft in the last two revisions.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is equal to the current figure for Sampooranam Nagar.

• Samsu Nagar: Rs 200 per sq.ft (2024)
• Santhosapuram Nagar Part - I: Rs 500 per sq.ft (2024)
• Santhosapuram Nagar Part - II: Rs 500 per sq.ft (2024)
• Santhoshpuram Nagar Part II: Rs 500 per sq.ft (2024)
• R.R.Avenue: Rs 700 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sampooranam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000 for both fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Sampooranam Nagar?

The Sampooranam Nagar area falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value is a critical factor during property registration in Pillaippakkam-A. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in line with the government's valuation standards. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sampooranam Nagar?

The current guideline value of Sampooranam Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, while it increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, marking a 49% increase over that period.

What are the other streets in Pillaippakkam-A?

Other streets in Pillaippakkam-A include Samsu Nagar, Santhosapuram Nagar Part - I, Part - II, Santhoshpuram Nagar Part II, R.R.Avenue, and Rajivgandhi Nagar, with guideline values ranging from Rs 200 to Rs 700 per sq.ft in 2024.

What are the fees for registering property in Sampooranam Nagar?

The fees for registering property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sampooranam Nagar?

The Sub Registrar Office covering Sampooranam Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.