Guideline Value for Samundeeswari Nagar

Samundeeswari Nagar guideline value

The current guideline value of Samundeeswari Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This locality is situated in Kerugambakkam village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Samundeeswari Nagar has changed

The guideline value for Samundeeswari Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which set the guideline value at Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision, effective from 1 July 2024, has further increased the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded guideline values for Samundeeswari Nagar in the revisions from 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing the 2024 guideline value of Samundeeswari Nagar below this median.

• Sankaralinganar Street: Rs 2,750 per sq.ft (2024)
• Sakthi Nagar Avenue: Rs 2,750 per sq.ft (2024)
• Sai Avenue: Rs 1,980 per sq.ft (2024)
• Sathiyavani Muthu Street: Rs 1,980 per sq.ft (2024)
• Royal Vila: Rs 1,980 per sq.ft (2024)
• Roja Avenue: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Samundeeswari Nagar

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, bringing the total fees together to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samundeeswari Nagar?

The Sub Registrar Office covering Samundeeswari Nagar 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 Kerugambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Kerugambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Samundeeswari Nagar?

The current guideline value of Samundeeswari Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64%.

What are the registration fees for property in Samundeeswari Nagar?

The registration fees for property transactions in Samundeeswari Nagar include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

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

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to understand that the duty is charged on the higher of the guideline value or the sale price.