Guideline Value

Corporate

Guideline Value for Samuel Nagar Extn.

₹1003/sq.ft.

The guideline value for Samuel Nagar Extn. in Vadaperumbakkam village (Redhills SRO, Chennai zone) is Rs 1003 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadaperumbakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1003 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Samuel Nagar Extn. guideline value

The current guideline value of Samuel Nagar Extn. is Rs 1,003 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Samuel Nagar Extn. has changed

The guideline value for Samuel Nagar Extn. has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a 60% rise. However, in 2017, the value decreased to Rs 536 per sq.ft, reflecting a 33% decline. The most recent revision in 2024 set the guideline value at Rs 1,003 per sq.ft, which is an 87% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2023 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 101%.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median value is Rs 1,003 per sq.ft, which is the same as the guideline value for Samuel Nagar Extn.

Stamp duty and registration fee for property in Samuel Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,003 per sq.ft, the total guideline value would be Rs 10,03,000. The stamp duty at 7% would amount to Rs 70,210, and the registration fee at 2% would be Rs 20,060, bringing the total to Rs 90,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Samuel Nagar Extn.?

The Sub Registrar Office that covers Samuel Nagar Extn. is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Vadaperumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the sale.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Samuel Nagar Extn.?

The current guideline value of Samuel Nagar Extn. is Rs 1,003 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,003 per sq.ft in 2024, reflecting an overall increase of 101% over the years.

What are the other streets in Vadaperumbakkam with similar guideline values?

Other streets in Vadaperumbakkam with similar guideline values include Samuel Nagar, Samuel Nagar Part, and Samuvel Nagar Part-II, all at Rs 1,003 per sq.ft in 2024.

What is the registration fee for property in Samuel Nagar Extn.?

The registration fee for property in Samuel Nagar Extn. is calculated based on the guideline value. For a plot valued at Rs 10,03,000, the registration fee would be Rs 20,060.

Where is the Sub Registrar Office for Samuel Nagar Extn. located?

The Sub Registrar Office for Samuel Nagar Extn. is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.