Guideline Value for Samundeeswari Nagar Krishna Street

Samundeeswari Nagar Krishna Street guideline value

The current guideline value of Samundeeswari Nagar Krishna Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal 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 Krishna Street has changed

The guideline value for Samundeeswari Nagar Krishna Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,541 per sq.ft. This increased to Rs 2,300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,530 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 2,090 per sq.ft, placing the guideline value of Samundeeswari Nagar Krishna Street above this median.

• Samundeswari Nagar, Cross Street: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar: Rs 1,980 per sq.ft (2024)
• Samuel Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Sangamithrai Street: Rs 1,760 per sq.ft (2024)
• Sanjay Gandhi Street / Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• Sankara Nagar Stage I: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Samundeeswari Nagar Krishna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600. Together, the total cost for stamp duty and registration fees would be Rs 2,27,700. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Samundeeswari Nagar Krishna Street?

The Sub Registrar Office that covers Samundeeswari Nagar Krishna 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 Pammal

The guideline value is a crucial factor in the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered. When a buyer or seller engages in a transaction, the guideline value helps in calculating the applicable stamp duty and registration fees.

Additionally, the guideline value ensures transparency and fairness in property transactions, preventing undervaluation and ensuring that the government receives appropriate revenue from property registrations.

Frequently asked questions

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

The current guideline value of Samundeeswari Nagar Krishna Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,541 per sq.ft in 2017 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 64% during this period.

What is the land classification for Samundeeswari Nagar Krishna Street?

The land classification for Samundeeswari Nagar Krishna Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Samundeeswari Nagar Krishna Street?

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

How is stamp duty calculated for properties in Samundeeswari Nagar Krishna Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 25,30,000, leading to a stamp duty of Rs 1,77,100.