Guideline Value for Samuga Koodam Street

Samuga Koodam Street guideline value

The current guideline value of Samuga Koodam Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village, under the Ambattur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Samuga Koodam Street has changed

The guideline value for Samuga Koodam Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which then decreased to Rs 737 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 1,100 per sq.ft in the 2023 revision, and finally increased to Rs 1,200 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 9% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Samuga Koodam Street is below this median.

• Royal Star: Rs 2,201 per sq.ft (2024)
• Royal city: Rs 1,400 per sq.ft (2024)
• School Street: Rs 1,100 per sq.ft (2024)
• Ratchagan Street: Rs 1,100 per sq.ft (2024)
• Selvakumaran Nagar: Rs 2,100 per sq.ft (2024)
• Senthil Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Samuga Koodam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that 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 Samuga Koodam Street?

The Sub Registrar Office that covers Samuga Koodam Street 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Soorapattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property transaction occurs, the guideline value is assessed to ensure that the appropriate fees are collected based on the property's value. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Samuga Koodam Street?

The current guideline value of Samuga Koodam Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the land classification of Samuga Koodam Street?

Samuga Koodam Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 12,00,000, the total fees would amount to Rs 1,08,000.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Samuga Koodam Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.