Guideline Value for Samy Street

Samy Street guideline value

The current guideline value of Samy Street in Rajakilpakkam village is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Class II Type - II.

How the guideline value of Samy Street has changed

The guideline value for Samy Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was later reduced to Rs 804 per sq.ft in the 2017 revision. Following that, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest 2024 revision has set it at Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision is an increase of 8%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Samy Street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value of Samy Street is below this median.

• Sannathi Street: Rs 1,900 per sq.ft (2024)
• Saraswathi Nagar: Rs 3,750 per sq.ft (2024)
• Saraswathi Nagar 1st Street: Rs 3,750 per sq.ft (2024)
• Saraswathi Nagar 2nd Street: Rs 3,750 per sq.ft (2024)
• Sai Prabath Garden: Rs 1,900 per sq.ft (2024)
• Saravana Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Samy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Samy Street?

The Sub Registrar Office covering Samy Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Rajakilpakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to accurately calculate their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Samy Street?

The current guideline value of Samy Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft, which is higher than the current value of Samy Street.

What are the stamp duty and registration fees for property in Samy Street?

The stamp duty for a property valued at Rs 13,00,000 is Rs 91,000, and the registration fee is Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for Samy Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.