Guideline Value for SANTHA NAGAR EXTENSION

Santha Nagar Extension guideline value

The current guideline value of Santha Nagar Extension is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Molachoor village under the Sunguvarchattram SRO, classified as Mixed Type - II.

How the guideline value of Santha Nagar Extension has changed

The guideline value for Santha Nagar Extension has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This was followed by the 2023 revision, which maintained the value at Rs 1,000 per sq.ft. The current 2024 revision also has the guideline value at Rs 1,000 per sq.ft, resulting in no change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49% as well, with the current value reflecting a stable rate since 2023.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Santha Nagar Extension's 2024 guideline value above this median.

• Santha Nagar: Rs 600 per sq.ft (2024)
• SaraCisilia Avenue: Rs 605 per sq.ft (2024)
• Sakthi Vinayagar Street: Rs 700 per sq.ft (2024)
• Sakthi Nagar: Rs 605 per sq.ft (2024)
• Sathya Nagar: Rs 605 per sq.ft (2024)
• School Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Santha Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Santha Nagar Extension?

The Sub Registrar Office covering Santha Nagar Extension is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Santha Nagar Extension?

The current guideline value of Santha Nagar Extension is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value increased by 49% to Rs 670 per sq.ft. It remained at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions.

What is the median guideline value for streets in Molachoor?

The median guideline value for streets in Molachoor is Rs 600 per sq.ft, with Santha Nagar Extension's 2024 value being above this median.

What are the stamp duty and registration fees for property in Santha Nagar Extension?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Santha Nagar Extension?

The Sunguvarchattram Sub Registrar Office handles registrations for Santha Nagar Extension, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.