Guideline Value

Corporate

Guideline Value for Samy Nagar Main Road

₹2750/sq.ft.

The guideline value for Samy Nagar Main Road in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Samy Nagar Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Samy Nagar Main Road guideline value

The current guideline value of Samy Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Madipakkam-1 village under the Velacheri SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Samy Nagar Main Road has changed

The guideline value for Samy Nagar Main Road has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, an increase of 10% from Rs 2,500 per sq.ft in 2023. Prior to that, in 2017, the value was Rs 1,675 per sq.ft, marking a substantial increase of 49% leading up to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 64%. This reflects the changes in the property landscape over the years, with the value rising steadily from Rs 1,675 per sq.ft in 2017 to the current rate.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which is equal to the guideline value of Samy Nagar Main Road.

Stamp duty and registration fee for property in Samy Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that 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 more details.

Which Sub Registrar Office covers Samy Nagar Main Road?

The Sub Registrar Office that covers Samy Nagar Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role in the property registration process in Madipakkam-1. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs involved in property transactions. This helps in understanding the financial implications of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Samy Nagar Main Road?

The current guideline value of Samy Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, which is a total increase of 64% over this period.

Where can I find the registration office for properties in Samy Nagar Main Road?

The registration office for properties in Samy Nagar Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Samy Nagar Main Road is 7% of the guideline value or the sale price, whichever is higher.

What other streets have the same guideline value in Madipakkam-1?

Other streets in Madipakkam-1 that have the same guideline value of Rs 2,750 per sq.ft include Samy Nagar Extension II, Samy Nagar Extension 4, Samy Nagar Extension 3, Samy Nagar Extension, and Samy Nagar.