Guideline Value for Samten

Samten guideline value

The current guideline value of Samten in Santhavellur village, under the Sunguvarchattram SRO, is Rs 1,000 per sq.ft, as per the 2024 revision effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Samten has changed

Over the years, the guideline value for Samten has experienced several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 1,000 per sq.ft. The 2023 to 2024 revision saw no change, maintaining the value at Rs 1,000 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 1,000 per sq.ft.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Samten's 2024 figure above this median.

• Saar Grand Magnum City: Rs 2,005 per sq.ft (2024)
• SelvaVinayagar Kovil Street: Rs 300 per sq.ft (2024)
• Ramakka Chathiram: Rs 305 per sq.ft (2024)
• Siva Nagar: Rs 300 per sq.ft (2024)
• Rajaveethi: Rs 250 per sq.ft (2024)
• Sri Andal Nagar: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in Samten

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

Which Sub Registrar Office covers Samten?

Samten falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Santhavellur. It is the minimum value set by the government for property transactions and is used to calculate the stamp duty and registration fees applicable to the sale.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the official value of the property being transferred.

Frequently asked questions

What is the current guideline value of Samten?

The current guideline value of Samten in Santhavellur village is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with significant changes occurring from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then back to Rs 1,000 per sq.ft in 2023 and 2024.

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

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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Samten?

Samten is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

What is the land classification for Samten?

The land classification for Samten is Mixed Type - I, which indicates the type of development and usage permitted in the area.