Guideline Value for Samuel Nagar

Samuel Nagar guideline value

The current guideline value of Samuel Nagar 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 has changed

The guideline value of Samuel Nagar has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 500 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a 60% rise. However, the value decreased to Rs 536 per sq.ft in 2017, which was a decline of 33%. The most recent revision in 2024 saw a significant increase to Rs 1,003 per sq.ft, representing an 87% rise from the 2017 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2023 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 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 equal to the guideline value of Samuel Nagar.

• Samuel Nagar Extn.: Rs 1,003 per sq.ft (2024)
• Samuel Nagar Part: Rs 1,003 per sq.ft (2024)
• Samuel Nagar Part-I: Rs 1,000 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

For a 1,000 sq.ft plot at the current rate of Rs 1,003 per sq.ft, the 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Samuel Nagar?

The Sub Registrar Office that covers Samuel Nagar 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 is a crucial factor in the registration process when buying or selling property in Vadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Samuel Nagar?

The current guideline value of Samuel Nagar 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, showing an overall increase of 101%.

Are there any years with no recorded figures for Samuel Nagar?

Yes, there are no recorded figures for Samuel Nagar in the years 2002, 2003, and 2023.

What are the stamp duty and registration fees for a property in Samuel Nagar?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 90,270.

Where is the Sub Registrar Office for Samuel Nagar located?

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