Guideline Value for Samtharia Nagar

Samtharia Nagar guideline value

The current guideline value of Samtharia Nagar is Rs 3,600 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village under the Ambattur SRO and is classified as Residential Class I Type - I.

How the guideline value of Samtharia Nagar has changed

The guideline value for Samtharia Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 3,300 per sq.ft. This figure decreased to Rs 2,211 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,300 per sq.ft, representing a 49% rise. The latest revision in 2024 set the guideline value at Rs 3,600 per sq.ft, which is a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value among these streets is Rs 3,600 per sq.ft, which is equal to the guideline value of Samtharia Nagar.

• Sangam Street: Rs 4,600 per sq.ft (2024)
• Samayapurathamman Koil 1st Street (Thiruvalluvar Nagar): Rs 1,900 per sq.ft (2024)
• Samayapurathammal Koil 2nd st.(TVR ngr.): Rs 1,900 per sq.ft (2024)
• Sanmugam Mudali Street: Rs 4,000 per sq.ft (2024)
• Santhi Street: Rs 3,600 per sq.ft (2024)
• Sakthimadam(Koodam)St.Kavi Bharathi Nagar: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Samtharia Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees to Rs 3,24,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Samtharia Nagar?

The Sub Registrar Office that covers Samtharia Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ambattur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted at a fair value as per the government regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for property transactions, helping to standardize the pricing within the locality.

Frequently asked questions

What is the current guideline value of Samtharia Nagar?

The current guideline value of Samtharia Nagar is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, an increase of 9%. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification of Samtharia Nagar?

Samtharia Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Samtharia Nagar is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Samtharia Nagar?

The Sub Registrar Office for Samtharia Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.