Guideline Value for Samundeswari Nagar ,Cross Street

Samundeswari Nagar ,Cross Street guideline value

The current guideline value for Samundeswari Nagar ,Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Pammal 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 Samundeswari Nagar ,Cross Street has changed

Over the years, the guideline value for Samundeswari Nagar ,Cross Street has seen significant changes. The 2017 revision recorded a value of Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision, reflecting a remarkable increase of 49%. The latest revision in 2024 set the guideline value at Rs 1,980 per sq.ft, marking 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 for this street in the register.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value for Samundeswari Nagar ,Cross Street is below this median.

• Samundeeswari Nagar Krishna Street: Rs 2,530 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)
• SanjayGandhi 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 Samundeswari Nagar ,Cross 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 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 accurate calculations.

Which Sub Registrar Office covers Samundeswari Nagar ,Cross Street?

The Sub Registrar Office that covers Samundeswari Nagar ,Cross 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 process for buying or selling property in Pammal. It serves as a reference point for calculating the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the appropriate fees based on the established rates. This process is essential for maintaining transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Samundeswari Nagar ,Cross Street?

The current guideline value of Samundeswari Nagar ,Cross 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 changed 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 reflects an overall increase of 64% from 2017 to 2024.

What are the registration fees for property in Samundeswari Nagar ,Cross Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 1,78,200.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Samundeswari Nagar ,Cross Street. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Samundeswari Nagar ,Cross Street?

The land classification for Samundeswari Nagar ,Cross Street is Residential Class II Type - II. This classification helps determine the appropriate usage of the land in this area.