Guideline Value for Samsu Nagar

Samsu Nagar guideline value

The current guideline value of Samsu Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Pillaippakkam-A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Samsu Nagar has changed

The guideline value for Samsu Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft, which was then revised to Rs 200 per sq.ft in 2023. There was no change in the guideline value from 2023 to 2024, maintaining the rate at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. The increase from 2017 to 2023 was also 49%, indicating that the guideline value has remained stable in the most recent revision.

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, placing the 2024 guideline value of Samsu Nagar below this median.

• Sampooranam Nagar: Rs 300 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 Samsu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees together to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific transaction.

Which Sub Registrar Office covers Samsu Nagar?

The Sub Registrar Office that covers Samsu Nagar is 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 crucial factor in the registration process when buying or selling property in Pillaippakkam-A. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When finalizing a sale, the guideline value ensures that both parties have a clear understanding of the property's worth as recognized by the authorities, which helps in maintaining transparency during the registration process.

Frequently asked questions

What is the current guideline value of Samsu Nagar?

The current guideline value of Samsu Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, with no change in the value from 2023 to 2024. Overall, there has been a 49% increase from 2017 to 2024.

What is the land classification of Samsu Nagar?

Samsu Nagar is classified as Residential Class III Type - I, indicating its designation for residential purposes.

What are the registration fees for property in Samsu Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. Fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Samsu Nagar located?

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