Guideline Value for SANTHA NAGAR

Santha Nagar guideline value

The current guideline value of Santha Nagar, located in Athipattu village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Santha Nagar has changed

The guideline value for Santha Nagar has seen several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 201 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This consistent increase highlights the changes in the valuation of properties in this area over the years.

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO, with 2024 guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the current value of Santha Nagar.

• Sankar Nagar: Rs 330 per sq.ft (2024)
• Sai Baba Nagar: Rs 330 per sq.ft (2024)
• Sadaiyamman Koil Street / Nagar: Rs 330 per sq.ft (2024)
• Rukumani Nagar: Rs 330 per sq.ft (2024)
• Seeyon Nagar: Rs 330 per sq.ft (2024)
• R.L.Y. Stn Street/Road: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Santha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty, charged at 7%, would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santha Nagar?

The Sub Registrar Office that covers Santha Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

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

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Santha Nagar?

The current guideline value of Santha Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, representing a total increase of 64% over this period.

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

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office do I need to visit for property registration in Santha Nagar?

The Thiruvottiyur Sub Registrar Office is responsible for property registration in Santha Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

Are there other streets with the same guideline value in Athipattu?

Yes, several other streets in Athipattu also have a guideline value of Rs 330 per sq.ft in 2024, including Sankar Nagar, Sai Baba Nagar, Sadaiyamman Koil Street/Nagar, Rukumani Nagar, Seeyon Nagar, and R.L.Y. Stn Street/Road.