Guideline Value for SANTHI COLONY STREETS

Santhi Colony Streets guideline value

The current guideline value for Santhi Colony Streets is Rs 4,300 per sq.ft, effective from 1 July 2024. This area is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class II Type - I.

How the guideline value of Santhi Colony Streets has changed

The guideline value for Santhi Colony Streets has seen several revisions over the years. In 2012, the guideline value was Rs 4,000 per sq.ft, which decreased to Rs 2,680 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 4,300 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%, and from 2023 to 2024, there was an 8% increase. Overall, the guideline value has increased by 8% from 2012 to 2024.

Guideline values in Perambur

In Perambur, the guideline values range from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Santhi Colony Streets in 2024 is above this median.

• Santhi Colony 1st Street: Rs 4,300 per sq.ft (2024)
• Santhi Colony 2nd Street: Rs 4,300 per sq.ft (2024)
• Santhi Colony 3rd Street: Rs 4,300 per sq.ft (2024)
• Santhi Nagar 1st Street: Rs 4,300 per sq.ft (2024)
• Santhi Nagar 2nd Street: Rs 4,300 per sq.ft (2024)
• Santhi Nagar 3rd Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi Colony Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, while the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Santhi Colony Streets?

The Sub Registrar Office that covers Santhi Colony Streets is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Perambur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Santhi Colony Streets?

The current guideline value for Santhi Colony Streets is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,300 per sq.ft in 2024.

What is the land classification for Santhi Colony Streets?

Santhi Colony Streets are classified as Residential Class II Type - I, indicating their suitability for residential development.

Where can I find the Sub Registrar Office for Santhi Colony Streets?

The Sub Registrar Office for Santhi Colony Streets is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Santhi Colony Streets?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 43,00,000 would incur a stamp duty of Rs 3,01,000 at 7%.