Guideline Value for Samsu Nagar

Samsu Nagar guideline value

The current guideline value of Samsu Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Samsu Nagar has changed

The guideline value for Samsu Nagar has seen several revisions over the years. In 2017, the value was Rs 670 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded the value at Rs 1,000 per sq.ft. As of the 2024 revision, the guideline value continues to be Rs 1,000 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Samsu Nagar is above this median.

• Sannathi Street: Rs 700 per sq.ft (2024)
• Sakthi Nagar: Rs 1,200 per sq.ft (2024)
• Santhi Avenue: Rs 800 per sq.ft (2024)
• Santhosh Nagar: Rs 1,200 per sq.ft (2024)
• Sarala Nagar: Rs 700 per sq.ft (2024)
• Saralavathi Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Samsu Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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 Sriperumbudur A

The guideline value plays a crucial role during the registration of property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction reflects the official value set by the government. This helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Samsu Nagar?

The current guideline value of Samsu Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Samsu Nagar was Rs 670 per sq.ft in 2017, increased to Rs 1,000 per sq.ft in 2023, and remains at Rs 1,000 per sq.ft in 2024, showing a 49% increase from 2017 to 2024.

What are the guideline values of other streets in Sriperumbudur A?

Other streets in Sriperumbudur A have varying guideline values, with rates ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, and Samsu Nagar's value is above this median.

What are the stamp duty and registration fees for property in Samsu Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles property registration for Samsu Nagar?

The Sriperumpudur Sub Registrar Office handles property registration for Samsu Nagar. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.