Guideline Value for Samudeswari Nagar

Samudeswari Nagar guideline value

The current guideline value of Samudeswari Nagar, located in Anakaputhur village under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Samudeswari Nagar has changed

The guideline value for Samudeswari Nagar has undergone several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 256 per sq.ft. This increased to Rs 300 per sq.ft in 2007, marking a change of +17%. The value saw a significant rise to Rs 1,206 per sq.ft in 2017, which is an increase of +302%. In 2023, the value further increased to Rs 1,800 per sq.ft, reflecting a +49% change. The most recent revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, which is a +10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2012 for this street in the register. Overall, from 2003 to 2024, the guideline value has increased by +673%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a guideline value for 2024, with values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value is Rs 1,980 per sq.ft, which is equal to the current guideline value of Samudeswari Nagar.

• Samundeeswari Nagar Bharani Street: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar Gangai Street: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar Krishna Street: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar Sannadhi Street: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar Vaikai Street: Rs 1,980 per sq.ft (2024)
• Sanjai Gandhi Nagar Main Road: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Samudeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty is charged at 7%, which totals Rs 1,38,600, and the registration fee is charged at 2%, amounting to Rs 39,600. Therefore, the total cost for stamp duty and registration fee together is Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samudeswari Nagar?

The Sub Registrar Office that covers Samudeswari Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees during the registration process.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of Samudeswari Nagar?

The current guideline value of Samudeswari Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 256 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of +673% over the period.

What are the stamp duty rates for properties in Samudeswari Nagar?

The stamp duty for properties in Samudeswari Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Samudeswari Nagar located?

The Sub Registrar Office for Samudeswari Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What is the land classification of Samudeswari Nagar?

Samudeswari Nagar is classified as Residential Class I Type - I according to the land classification standards.