Guideline Value for Samundeeswari Nagar Bharani Street

Samundeeswari Nagar Bharani Street guideline value

The current guideline value of Samundeeswari Nagar Bharani Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Samundeeswari Nagar Bharani Street has changed

The guideline value for Samundeeswari Nagar Bharani Street has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which is the same as the 2024 figure for Samundeeswari Nagar Bharani Street.

• 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)
• Samudeswari Nagar: 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 Samundeeswari Nagar Bharani Street

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 at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for accurate calculations based on your specific property details.

Which Sub Registrar Office covers Samundeeswari Nagar Bharani Street?

The Sub Registrar Office that covers Samundeeswari Nagar Bharani Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When a property is registered, the guideline value helps to determine the legal value of the property, which is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Samundeeswari Nagar Bharani Street?

The current guideline value of Samundeeswari Nagar Bharani Street 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 increased from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification for this street?

Samundeeswari Nagar Bharani Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at 7%, and the registration fee would be Rs 39,600 at 2%, totaling Rs 1,78,200 for these fees.

Where can I find the Sub Registrar Office for this area?

The Pammal Sub Registrar Office covers Samundeeswari Nagar Bharani Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.