Guideline Value for NAGARIROAD SANTHU

Nagariroad Santhu guideline value

The current guideline value for Nagariroad Santhu in Pudupet village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Pallipattu SRO and is classified as Residential Class II Type - I.

How the guideline value of Nagariroad Santhu has changed

The guideline value for Nagariroad Santhu has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which set the value at Rs 167 per sq.ft. This was followed by a significant increase to Rs 250 per sq.ft in the 2023 revision, maintaining the same value in the 2024 revision, resulting in a 50% increase from 2017 to 2023 and 2024.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. The 2023 to 2024 revision shows no change, as the guideline value remains at Rs 250 per sq.ft.

Guideline values in Pudupet

Pudupet village has a total of 42 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, indicating that the guideline value for Nagariroad Santhu is below this median.

• Nagariroad: Rs 250 per sq.ft (2024)
• Munireddykandigai: Rs 126 per sq.ft (2024)
• Neru Nagar: Rs 200 per sq.ft (2024)
• Meyanstreet: Rs 126 per sq.ft (2024)
• N.S. Nagar: Rs 400 per sq.ft (2024)
• Main Road: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Nagariroad Santhu

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagariroad Santhu?

The Sub Registrar Office that covers Nagariroad Santhu is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Pudupet. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property, ensuring that these fees are calculated based on the official value of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nagariroad Santhu?

The current guideline value of Nagariroad Santhu is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both the 2023 and 2024 revisions, marking a 50% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for property in Nagariroad Santhu?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,50,000. The stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles property registrations for Nagariroad Santhu?

The Pallipattu Sub Registrar Office handles property registrations for Nagariroad Santhu, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher value is used to determine the applicable fees.