Guideline Value for SANTHAPET 2 STREET

Santhapet 2 Street guideline value

The current guideline value of Santhapet 2 Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Pudupet village, under the Pallipattu SRO, and is classified as Residential Special Type - II.

How the guideline value of Santhapet 2 Street has changed

The guideline value for Santhapet 2 Street has undergone several revisions. The 2017 revision set the value at Rs 402 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 500 per sq.ft, resulting in a 24% increase from the 2017 figure to the 2024 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. From 2023 to 2024, there was no change in the guideline value, remaining at Rs 500 per sq.ft.

Guideline values in Pudupet

Pudupet village has a total of 42 streets under the Pallipattu SRO, with guideline values ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, making Santhapet 2 Street's 2024 figure above that median.

• Santhapet 1 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 2 Street

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the 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 and the sale price.

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

Which Sub Registrar Office covers Santhapet 2 Street?

The Sub Registrar Office that covers Santhapet 2 Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Pudupet. It is used to determine the stamp duty and registration fees applicable when registering a property sale. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the registration office uses the guideline value to assess the appropriate fees. This helps maintain transparency and fairness in property transactions, ensuring that the government receives the correct revenue from property sales.

Frequently asked questions

What is the current guideline value of Santhapet 2 Street?

The current guideline value of Santhapet 2 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 2024, marking a 24% increase overall.

What is the land classification for Santhapet 2 Street?

Santhapet 2 Street is classified as Residential Special Type - II.

Which office handles registrations for Santhapet 2 Street?

The Pallipattu Sub Registrar Office handles registrations for Santhapet 2 Street, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 45,000 in fees.