Guideline Value for Samypathan Street

Samypathan Street guideline value

The current guideline value of Samypathan Street is Rs 4,900 per sq.ft. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Samypathan Street has changed

The guideline value for Samypathan Street has undergone several revisions over the years. Starting from Rs 1,200 per sq.ft in 2007, it increased significantly to Rs 4,500 per sq.ft in 2012. However, this value decreased to Rs 3,015 per sq.ft in 2017. The next revision in 2023 saw a notable increase to Rs 4,500 per sq.ft, followed by the current guideline value of Rs 4,900 per sq.ft effective from 1 July 2024.

In terms of percentage changes, the value rose by 275% from 2007 to 2012, then decreased by 33% from 2012 to 2017. From 2017 to 2023, there was a significant increase of 49%. The latest revision from 2023 to 2024 reflects a 9% increase. Overall, the guideline value has increased by 308% from 2007 to 2024.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current guideline value of Samypathan Street.

• Sankara Bathan Street: Rs 4,900 per sq.ft (2024)
• Sarojini Street, Chennai 82: Rs 4,900 per sq.ft (2024)
• Sastri Street, Chennai 82: Rs 4,900 per sq.ft (2024)
• Sabapathy Poosari Street & Cross Street: Rs 4,900 per sq.ft (2024)
• R.V.Nagar Ist Cross Street: Rs 6,500 per sq.ft (2024)
• R.V.Nagar 6th Street: Rs 6,500 per sq.ft (2024)

Stamp duty and registration fee for property in Samypathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total cost Rs 4,41,000. 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 Samypathan Street?

The Sub Registrar Office that covers Samypathan Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is important to consider this value during negotiations, as it can influence the final sale price and the associated costs of registration.

Frequently asked questions

What is the current guideline value of Samypathan Street?

The current guideline value of Samypathan Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value of Samypathan Street has increased by 308%, rising from Rs 1,200 per sq.ft to Rs 4,900 per sq.ft in 2024.

What is the land classification for Samypathan Street?

Samypathan Street is classified as Residential Class I Type - III, indicating its designation for residential use.

Where is the Sub Registrar Office for Samypathan Street located?

The Sub Registrar Office for Samypathan Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty for properties in Ayanavaram is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the same amount.