Guideline Value for SANTHANAM AVENUE

Santhanam Avenue guideline value

The current guideline value of Santhanam Avenue is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Santhanam Avenue has changed

The guideline value for Santhanam Avenue has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, an increase from the 2023 figure of Rs 3,450 per sq.ft, marking a change of +10%. Prior to 2023, the register has no figures for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has progressed from Rs 3,450 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024. The absence of figures in earlier revisions indicates that this street may have been assessed differently in those years.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, which means Santhanam Avenue's current figure is above that median.

• Santhosh Nagar: Rs 1,320 per sq.ft (2024)
• Sapthagiri Nagar: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar: Rs 2,200 per sq.ft (2024)
• Sathya Sai Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• School Street: Rs 1,320 per sq.ft (2024)
• Sadhasivam Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Santhanam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value is Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Santhanam Avenue?

The Sub Registrar Office that covers Santhanam Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

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

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Santhanam Avenue?

The current guideline value of Santhanam Avenue is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Santhanam Avenue changed from Rs 3,450 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Santhanam Avenue?

Santhanam Avenue is classified as Residential Special Type - IV, which indicates the type of development permissible in this area.

What are the stamp duty and registration fees for property in Santhanam Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000.

Where is the Sub Registrar Office for Santhanam Avenue located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.