Guideline Value for Samten

Samten guideline value

The current guideline value of Samten, located in Santhavellur_C 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

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure remained unchanged at Rs 1,000 per sq.ft in the 2023 revision and continues to be Rs 1,000 per sq.ft in the 2024 revision, indicating a 49% increase from 2017 to 2023 and a 49% increase overall from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 1,000 per sq.ft. The overall change from the 2017 revision to the 2024 revision is a consistent increase of 49%.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Samten is 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. 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 further calculations.

Which Sub Registrar Office covers Samten?

Samten falls under 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 information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all parties adhere to the legal requirements set by the Registration Department.

During the registration process, buyers should be aware that the guideline value may differ from the actual sale price. The stamp duty and registration fees are calculated based on the higher of the two values, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Samten?

The current guideline value of Samten 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 remained at Rs 1,000 per sq.ft since 2023, with a 49% increase from Rs 670 per sq.ft in 2017. There are no available figures for the revisions in 2002, 2003, 2007, and 2012.

What is the land classification for Samten?

The land classification for Samten is Mixed Type - I, indicating the diverse use of land in this area.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

Where can I find the Sub Registrar Office for Samten?

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