Guideline Value for Samten

Samten guideline value

The current guideline value of Samten, located in Santhavellur_B village under the Sunguvarchattram SRO, is Rs 501 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Samten has changed

In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. However, in the 2024 revision, the guideline value decreased significantly to Rs 501 per sq.ft, representing a 50% drop from the previous year. 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 25% decrease in the guideline value. This fluctuation indicates the changing valuation of properties in this area over the years.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Samten's 2024 figure above this median.

• SelvaVinayagar Kovil Street: Rs 300 per sq.ft (2024)
• Ramakka Chathiram: Rs 300 per sq.ft (2024)
• Siva Nagar: Rs 300 per sq.ft (2024)
• Rajaveethi: Rs 250 per sq.ft (2024)
• Sri Andal Nagar: Rs 300 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 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 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, totaling Rs 45,090. 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 further calculations.

Which Sub Registrar Office covers Samten?

The Sub Registrar Office covering Samten is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Santhavellur_B, the guideline value is a crucial factor as it determines the stamp duty and registration fees applicable. The guideline value serves as a benchmark for the property’s worth, ensuring that the transaction is recorded accurately in the official registry.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value is used by the registration department to calculate the necessary fees and taxes associated with property transactions.

Frequently asked questions

What is the current guideline value of Samten?

The current guideline value of Samten is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Samten has seen fluctuations, with a peak of Rs 1,000 per sq.ft in 2023, followed by a decrease to Rs 501 per sq.ft in 2024. Overall, from 2017 to 2024, there has been a 25% decrease in the guideline value.

What is the land classification for Samten?

The land classification for Samten is Mixed Type - I, which indicates the nature of land use in the area.

Where can I find the Sub Registrar Office for Samten?

The Sub Registrar Office for Samten is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for property in Samten?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 45,090.