Guideline Value for Samundeeswari Nagar Gangai Street

Samundeeswari Nagar Gangai Street guideline value

The current guideline value of Samundeeswari Nagar Gangai Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Samundeeswari Nagar Gangai Street has changed

The guideline value for Samundeeswari Nagar Gangai Street has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the guideline 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 recorded figures for the years 2002, 2003, 2007, and 2012 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 equal to the current guideline value of Samundeeswari Nagar Gangai Street.

• Samundeeswari Nagar Bharani 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 Gangai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Samundeeswari Nagar Gangai Street?

The Sub Registrar Office that covers Samundeeswari Nagar Gangai Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring transparency in property transactions.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of ownership. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value of Samundeeswari Nagar Gangai 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 1,980 per sq.ft in 2024, marking an overall increase of 64% over these years.

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

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

Which office handles registrations for Samundeeswari Nagar Gangai Street?

The Pammal Sub Registrar Office handles registrations for Samundeeswari Nagar Gangai Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including the location and classification of the land. It serves as a reference for property transactions in the area.