Guideline Value for Samraj Nagar 3rd Cross Street

Samraj Nagar 3rd Cross Street guideline value

The current guideline value of Samraj Nagar 3rd Cross Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, classified as Commercial Class I Type - I.

How the guideline value of Samraj Nagar 3rd Cross Street has changed

The guideline value has seen several revisions over the years. The earliest recorded figure for this street is from 2007, when it was Rs 750 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, but then decreased to Rs 2,345 per sq.ft in 2017. The value rose again to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,800 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 407%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Samraj Nagar 3rd Cross Street's 2024 figure above that median.

• Samraj Nagar 2nd Street: Rs 3,800 per sq.ft (2024)
• Samraj Nagar 3rd Street: Rs 3,800 per sq.ft (2024)
• Samraj Nagar 2nd Main Road: Rs 3,800 per sq.ft (2024)
• Samraj Nagar 4th Cross Street: Rs 3,800 per sq.ft (2024)
• Samraj Nagar 2nd Cross Street: Rs 3,800 per sq.ft (2024)
• Samraj Nagar 4th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Samraj Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samraj Nagar 3rd Cross Street?

The Sub Registrar Office that covers Samraj Nagar 3rd Cross 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 information.

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

The guideline value is used as a benchmark for property transactions in Chembakkam. When you buy or sell property, this value helps determine the stamp duty and registration fees applicable during the registration process.

It is essential to be aware that the guideline value may differ from the actual sale price, and the duty is calculated based on the higher of the two amounts. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Samraj Nagar 3rd Cross Street?

The current guideline value of Samraj Nagar 3rd Cross Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 750 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 407% over the years.

What is the median guideline value in Chembakkam?

The median guideline value in Chembakkam is Rs 2,200 per sq.ft, with Samraj Nagar 3rd Cross Street's value being above this median.

What are the stamp duty and registration fees for buying property here?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,42,000, based on the current guideline value.

Where is the Sub Registrar Office located for this area?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.