Guideline Value for SANTHI NAGAR 3RD STREET

Santhi Nagar 3rd Street guideline value

The current guideline value of Santhi Nagar 3rd Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as 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 2003, the guideline value was Rs 461 per sq.ft, which increased to Rs 800 per sq.ft in 2007, marking a change of +74%. The value then rose dramatically to Rs 2,680 per sq.ft in 2017, reflecting a substantial increase of +235%. Following this, the 2023 revision set the value at Rs 4,000 per sq.ft, which was an increase of +49% from the previous figure. The latest revision in 2024 has set the value at Rs 4,300 per sq.ft, an increase of +8% from 2023.

It is important to note that the register has no figures for Santhi Nagar 3rd Street for the years 2002 and 2012. Overall, from 2003 to 2024, the guideline value has increased by +833%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Santhi Nagar 3rd Street's 2024 figure above this median.

• Santhi Nagar 4th Street: Rs 4,300 per sq.ft (2024)
• Santhi Nagar 2nd Street: Rs 4,300 per sq.ft (2024)
• Santhi Nagar 5th Street: Rs 4,300 per sq.ft (2024)
• Santhi Nagar 6th Street: Rs 4,300 per sq.ft (2024)
• Santhi Nagar 1st Street: Rs 4,300 per sq.ft (2024)
• Santhi Nagar Main Road: Rs 4,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, making the total fees together Rs 3,87,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Santhi Nagar 3rd Street?

The Sub Registrar Office that covers Santhi Nagar 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Perambur. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers should be aware that the guideline value is set by the government and can vary from street to street.

When a property transaction occurs, the guideline value is referenced to ensure that the appropriate taxes are collected. This value is essential for both the buyer and seller to understand, as it directly impacts the overall costs associated with property transactions in the area.

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 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 461 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, marking an overall increase of +833%.

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

Santhi Nagar 3rd Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Santhi Nagar 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 3,87,000.