Guideline Value for Samuel Nagar Part

Samuel Nagar Part guideline value

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

How the guideline value of Samuel Nagar Part has changed

The guideline value for Samuel Nagar Part has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, there was a decrease to Rs 536 per sq.ft in 2017. The most recent revision in 2024 has raised the guideline value to Rs 1,003 per sq.ft, marking an increase of 87% from 2017. Overall, from 2007 to 2024, the guideline value has increased by 101%.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 in the register for this street. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced an increase of 60%.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that carry 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 Part.

• Samuel Nagar Extn.: Rs 1,003 per sq.ft (2024)
• Samuel Nagar Part-I: Rs 1,000 per sq.ft (2024)
• Samuel Nagar: Rs 1,003 per sq.ft (2024)
• Samuvel Nagar Part-II: Rs 1,003 per sq.ft (2024)
• Sangeetha Nagar: Rs 1,006 per sq.ft (2024)
• Sarabeshwara Nagar: Rs 1,004 per sq.ft (2024)

Stamp duty and registration fee for property in Samuel Nagar Part

For a 1,000 sq.ft plot at the current guideline value of Rs 1,003 per sq.ft, the total guideline value amounts to Rs 10,03,000. The stamp duty at 7% would be Rs 70,210, and the registration fee at 2% would be Rs 20,060, totaling 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samuel Nagar Part?

The Sub Registrar Office that covers Samuel Nagar Part 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 information.

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

The guideline value plays a crucial role during property transactions in Vadaperumbakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate transactions. It is essential for both buyers and sellers to understand how this value affects their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Samuel Nagar Part?

The current guideline value of Samuel Nagar Part 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, marking an overall increase of 101% over this period.

What is the stamp duty rate for properties in Samuel Nagar Part?

The stamp duty rate for properties in Samuel Nagar Part is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Samuel Nagar Part?

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

Are there other streets with similar guideline values in Vadaperumbakkam?

Yes, there are other streets in Vadaperumbakkam with similar guideline values. For instance, Samuel Nagar Extn. and Samuvel Nagar Part-II also have a guideline value of Rs 1,003 per sq.ft in 2024.