Guideline Value for SANTHAPET 1 STREET

Santhapet 1 Street guideline value

The current guideline value of Santhapet 1 Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Pudupet village under the Pallipattu SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Santhapet 1 Street has changed

The guideline value for Santhapet 1 Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 402 per sq.ft. This figure increased by 24% to Rs 500 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Santhapet 1 Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 24%.

Guideline values in Pudupet

In Pudupet, there are 42 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Santhapet 1 Street's 2024 figure above this median.

• Santhapet 2 Street: Rs 500 per sq.ft (2024)
• Saliyar Street(A)gandhi Street: Rs 350 per sq.ft (2024)
• Sholighur Road: Rs 500 per sq.ft (2024)
• Radha Nagar: Rs 250 per sq.ft (2024)
• Pudupattupattuharijana Kolini: Rs 126 per sq.ft (2024)
• Pudupattu: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Santhapet 1 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santhapet 1 Street?

Santhapet 1 Street falls under the jurisdiction of the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Pudupet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps establish a fair transaction price and is used by the registration office to calculate the applicable fees. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Santhapet 1 Street?

The current guideline value of Santhapet 1 Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 402 per sq.ft in 2017 to Rs 500 per sq.ft in 2023 and 2024, marking a 24% increase overall from 2017 to 2024.

What is the median guideline value for streets in Pudupet?

The median guideline value for the 42 streets in Pudupet under the Pallipattu SRO is Rs 350 per sq.ft. Santhapet 1 Street's 2024 figure is above this median.

What are the stamp duty and registration fees for a property in Santhapet 1 Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 5,00,000, resulting in a stamp duty of Rs 35,000 and a registration fee of Rs 10,000, totaling Rs 45,000.

Which office handles registrations for Santhapet 1 Street?

The Pallipattu Sub Registrar Office handles registrations for Santhapet 1 Street, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.