Guideline Value for Reddy Santhu

Reddy Santhu guideline value

The current guideline value of Reddy Santhu is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Reddy Santhu has changed

The guideline value for Reddy Santhu has seen several revisions over the years. In 2017, the guideline value was Rs 402 per sq.ft. This figure remained unchanged until the 2023 revision, which also listed the value at Rs 600 per sq.ft. The most recent revision in 2024 maintained the value at Rs 600 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a guideline value for 2024 ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is equal to the guideline value of Reddy Santhu.

• Road Street Kanakoilpettai: Rs 600 per sq.ft (2024)
• R S Avenue: Rs 1,005 per sq.ft (2024)
• Ruthirankoil East Street: Rs 600 per sq.ft (2024)
• Ruthirankoil North Street: Rs 600 per sq.ft (2024)
• Ruthirankoil Sadras salai: Rs 805 per sq.ft (2024)
• Ruthirankoil Sannathi Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Reddy Santhu

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 Reddy Santhu?

The Sub Registrar Office that covers Reddy Santhu is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures transparency and standardization in the valuation of properties. It helps in calculating the financial obligations associated with property transfer, ensuring that all parties are aware of the costs involved.

Frequently asked questions

What is the current guideline value of Reddy Santhu?

The current guideline value of Reddy Santhu is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Reddy Santhu has remained at Rs 600 per sq.ft from 2023 to 2024, while it increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, marking a 49% increase over that period.

What are the other streets in Thirukalukundrem A with similar guideline values?

Other streets in Thirukalukundrem A with similar guideline values include Road Street Kanakoilpettai and Ruthirankoil East Street, both at Rs 600 per sq.ft in 2024.

What are the fees associated with buying property in Reddy Santhu?

The fees for buying property in Reddy Santhu include a stamp duty of 7% and a registration fee of 2%, calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Reddy Santhu?

The Sub Registrar Office for Reddy Santhu is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.