Guideline Value for Sampoornam Avenue (off Arcot Road)

Sampoornam Avenue (off Arcot Road) guideline value

The current guideline value of Sampoornam Avenue (off Arcot Road) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sampoornam Avenue (off Arcot Road) has changed

The guideline value for Sampoornam Avenue has seen several revisions over the years. In 2002, the value was Rs 650 per sq.ft, which increased to Rs 710 per sq.ft in 2003. Following this, there was a significant rise to Rs 1,800 per sq.ft in 2007. The value then changed to Rs 6,000 per sq.ft in 2012, before dropping to Rs 4,020 per sq.ft in 2017. The most recent revisions show an increase to Rs 6,000 per sq.ft in 2023, followed by a further increase to Rs 6,600 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. The value rose by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. The increase from 2007 to 2012 was substantial at 233%, and from 2003 to 2007, it was 154%. Overall, from 2002 to 2024, the guideline value has increased by 915%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, making Sampoornam Avenue's 2024 figure of Rs 6,600 per sq.ft notably above this median.

• Sankaralingam Street: Rs 3,850 per sq.ft (2024)
• Sannathi Street: Rs 4,950 per sq.ft (2024)
• Saradambal Street: Rs 3,300 per sq.ft (2024)
• Saravana Colony - Sri Ramalu Street: Rs 4,950 per sq.ft (2024)
• Sastri Nagar: Rs 4,400 per sq.ft (2024)
• Sastri Street 1st Cross Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Sampoornam Avenue (off Arcot Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for stamp duty and registration would be Rs 5,94,000. It's important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sampoornam Avenue (off Arcot Road)?

The Sub Registrar Office that covers Sampoornam Avenue is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a critical factor when registering a property in Saligramam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on the property's value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to consider this value to avoid any discrepancies during the registration process, as the stamp duty is calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Sampoornam Avenue?

The current guideline value of Sampoornam Avenue (off Arcot Road) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 915% over this period.

What factors influence the guideline value?

The guideline value is influenced by various factors, including historical revisions and the classification of land. For Sampoornam Avenue, the land is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Sampoornam Avenue?

The Sub Registrar Office for Sampoornam Avenue is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Sampoornam Avenue?

Stamp duty for properties in Sampoornam Avenue is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at 7%.