Guideline Value for C.S.T Santhamma Nagar

C.S.T Santhamma Nagar guideline value

The current guideline value of C.S.T Santhamma Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class III Type - II.

How the guideline value of C.S.T Santhamma Nagar has changed

The guideline value for C.S.T Santhamma Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and finally reached Rs 1,300 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing C.S.T Santhamma Nagar's current figure below that median.

• C.S.T Nagar Manimegalai Street Extn: Rs 1,300 per sq.ft (2024)
• Defence Colony: Rs 950 per sq.ft (2024)
• Club Road: Rs 2,200 per sq.ft (2024)
• Chritking School Street: Rs 950 per sq.ft (2024)
• Christudoss Street: Rs 950 per sq.ft (2024)
• Dhanalakshmi 1st Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in C.S.T Santhamma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total cost to Rs 1,17,000. It is important to note that the 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 C.S.T Santhamma Nagar?

The Sub Registrar Office that covers C.S.T Santhamma Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Selaiyur, as it determines the minimum price at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is in line with government regulations.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, while also providing a transparent framework for buyers and sellers.

Frequently asked questions

What is the current guideline value of C.S.T Santhamma Nagar?

The current guideline value of C.S.T Santhamma Nagar 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 to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024. This shows an overall increase of 8% from 2012 to 2024.

What is the stamp duty for property in C.S.T Santhamma Nagar?

The stamp duty for property in C.S.T Santhamma Nagar is 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000.

Which office handles property registrations in C.S.T Santhamma Nagar?

The Selaiyur Sub Registrar Office handles property registrations in C.S.T Santhamma Nagar. It is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What are the other streets in Selaiyur with their guideline values?

Other streets in Selaiyur have varying guideline values. For instance, C.S.T Nagar Manimegalai Street Extn is at Rs 1,300 per sq.ft, while Defence Colony is at Rs 950 per sq.ft. The values range from Rs 850 to Rs 6,500 per sq.ft across the village.