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Guideline Value

Corporate

Guideline Value for SANTHI NAGAR 3RD STREET

₹3100/sq.ft.

The guideline value for Santhi Nagar 3rd Street in Ramapuram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3100 per sq.ft, effective 1 July 2024. It was Rs 2800 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ramapuram

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3100 /sq.ft.
From 1-4-2023 ₹2800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1876 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹304 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹245 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Santhi Nagar 3rd Street

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Santhi Nagar 3rd Street guideline value

The current guideline value of Santhi Nagar 3rd Street is Rs 3,100 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Santhi Nagar 3rd Street has changed

The guideline value for Santhi Nagar 3rd Street has seen significant changes over the years. In 2002, the guideline value was Rs 245 per sq.ft. This figure increased to Rs 304 per sq.ft in 2003, marking a 24% rise. Following that, the value surged to Rs 1,100 per sq.ft in 2007, which was a 262% increase. In 2012, it rose further to Rs 2,800 per sq.ft, reflecting a 155% increase. However, in 2017, the value decreased to Rs 1,876 per sq.ft, showing a decline of 33%. The value then increased to Rs 2,800 per sq.ft in 2023, a rise of 49%, before reaching the current value of Rs 3,100 per sq.ft in 2024, which is an 11% increase.

There are no figures available for the revisions in years other than those listed above. Overall, from 2002 to 2024, the guideline value has increased by 1165%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,100 per sq.ft, which is equal to the current figure for Santhi Nagar 3rd Street.

Stamp duty and registration fee for property in Santhi Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,100 per sq.ft, the guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total to Rs 2,79,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Santhi Nagar 3rd Street?

The Sub Registrar Office that covers Santhi Nagar 3rd Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is an important factor in the registration process of property transactions in Ramapuram. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the property is not undervalued during the sale.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Santhi Nagar 3rd Street?

The current guideline value of Santhi Nagar 3rd Street is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 245 per sq.ft in 2002 to Rs 3,100 per sq.ft in 2024, reflecting an overall increase of 1165% over this period.

What is the land classification for Santhi Nagar 3rd Street?

Santhi Nagar 3rd Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000 and the registration fee would be Rs 62,000, totaling Rs 2,79,000.

Where can I find the Sub Registrar Office for Santhi Nagar 3rd Street?

The Sub Registrar Office for Santhi Nagar 3rd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.