Guideline Value for Samundeeswari Street (Vetri Nagar)

Samundeeswari Street (Vetri Nagar) guideline value

The current guideline value of Samundeeswari Street (Vetri Nagar) is Rs 3,301 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Residential Special Type - II.

How the guideline value of Samundeeswari Street (Vetri Nagar) has changed

The guideline value for Samundeeswari Street (Vetri Nagar) has seen several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 465 per sq.ft. In 2007, it increased significantly to Rs 800 per sq.ft, followed by a substantial rise to Rs 3,000 per sq.ft in 2012. However, this figure dropped to Rs 2,010 per sq.ft in 2017. The 2023 revision marked an increase to Rs 3,000 per sq.ft, and the most recent revision in 2024 set the current guideline value at Rs 3,301 per sq.ft. Notably, there is no figure available for the year 2002 in the register for this street.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the value surged by 275% from 2007 to 2012. Between 2003 and 2007, the increase was 72%. Overall, from 2003 to 2024, the guideline value has increased by 610%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,301 per sq.ft, which is equal to the current guideline value of Samundeeswari Street (Vetri Nagar).

• Sambasiva Reddy Street: Rs 2,700 per sq.ft (2024)
• Sakthi Vinayagar Koil Street: Rs 3,301 per sq.ft (2024)
• Sakthivel Salai: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar Main Road: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar 8th Street: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar 7th Street: Rs 3,301 per sq.ft (2024)

Stamp duty and registration fee for property in Samundeeswari Street (Vetri Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value would be Rs 33,01,000. The stamp duty at 7% would amount to Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, bringing the total cost together to Rs 2,97,090. It is important to note that the 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 Samundeeswari Street (Vetri Nagar)?

The Sub Registrar Office covering Samundeeswari Street (Vetri Nagar) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the property registration process in Peravallur. When buying or selling property, the guideline value serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to understand that the guideline value may differ from the actual sale price. The stamp duty is charged on the higher of the guideline value or the sale price, which means that it is vital to be informed about the current guideline value to avoid unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Samundeeswari Street (Vetri Nagar)?

The current guideline value of Samundeeswari Street (Vetri Nagar) is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, starting from Rs 465 per sq.ft in 2003 to Rs 3,301 per sq.ft in 2024, representing an overall increase of 610% from 2003 to 2024.

What is the land classification for Samundeeswari Street (Vetri Nagar)?

Samundeeswari Street (Vetri Nagar) is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the registration office for Samundeeswari Street (Vetri Nagar)?

The registration office for Samundeeswari Street (Vetri Nagar) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Samundeeswari Street (Vetri Nagar)?

Stamp duty for properties in Samundeeswari Street (Vetri Nagar) is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,01,000, the stamp duty would be calculated accordingly.