Guideline Value for SANTHANAPURAM

Santhanapuram guideline value

The current guideline value of Santhanapuram, located in Arasankalani village under the Selaiyur SRO, is Rs 2,100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Santhanapuram has changed

The guideline value for Santhanapuram has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then increased to Rs 2,000 per sq.ft again in 2023, before reaching the current value of Rs 2,100 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 5% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 5%.

Guideline values in Arasankalani

In Arasankalani village, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value among these streets is Rs 2,100 per sq.ft, which is the same as the current guideline value for Santhanapuram.

• Renugambal Nagar: Rs 2,100 per sq.ft (2024)
• Rajiv Nagar: Rs 1,900 per sq.ft (2024)
• Rajaji Street: Rs 1,300 per sq.ft (2024)
• Sriharsham's Varam: Rs 2,800 per sq.ft (2024)
• Sri Karumariamman Koil Street: Rs 1,300 per sq.ft (2024)
• Sri Perumal Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Santhanapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty, charged at 7%, would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total fees to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Santhanapuram?

The Sub Registrar Office that covers Santhanapuram is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Arasankalani. It determines the minimum value at which a property can be registered, ensuring that the transaction is transparent and compliant with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Santhanapuram?

The current guideline value of Santhanapuram is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 2,000 per sq.ft in 2012, dropping to Rs 1,340 per sq.ft in 2017, rising to Rs 2,000 per sq.ft in 2023, and finally reaching Rs 2,100 per sq.ft in 2024.

What is the land classification of Santhanapuram?

Santhanapuram falls under the Residential Class I Type - I land classification, which is typical for residential areas.

What are the stamp duty rates for property in Santhanapuram?

The stamp duty for property in Santhanapuram is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.