Guideline Value for Samraj Nagar 4th Cross Street

Samraj Nagar 4th Cross Street guideline value

The current guideline value of Samraj Nagar 4th 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, and is classified as Commercial Class I Type - I.

How the guideline value of Samraj Nagar 4th Cross Street has changed

The guideline value for Samraj Nagar 4th Cross Street has undergone several revisions over the years. In 2007, the value was set at Rs 750 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. The 2023 revision saw an increase to Rs 3,500 per sq.ft, followed by a further rise to Rs 3,800 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2012 to 2017 was a decrease of 33%, while the increase from 2007 to 2012 was a significant 367%. Overall, from 2007 to 2024, the guideline value has increased by 407%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, placing Samraj Nagar 4th Cross Street's 2024 figure above this median.

• Samraj Nagar 3rd Street: Rs 3,800 per sq.ft (2024)
• Samraj Nagar 4th Street: Rs 3,800 per sq.ft (2024)
• Samraj Nagar 3rd Cross Street: Rs 3,800 per sq.ft (2024)
• Samraj Nagar 5th Cross Street: Rs 3,800 per sq.ft (2024)
• Samraj Nagar 2nd Street: Rs 3,800 per sq.ft (2024)
• Samraj Nagar 5th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Samraj Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to 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 duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samraj Nagar 4th Cross Street?

The Sub Registrar Office that covers Samraj Nagar 4th 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 plays a crucial role in the registration process of property transactions in Chembakkam. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Samraj Nagar 4th Cross Street?

The current guideline value of Samraj Nagar 4th 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 changed from Rs 750 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting 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 4th Cross Street's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,42,000.

Which office handles property registrations for Samraj Nagar 4th Cross Street?

The Selaiyur Sub Registrar Office handles property registrations for Samraj Nagar 4th Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.