Guideline Value for SANTHI NAGAR 4TH STREET

Santhi Nagar 4th Street guideline value

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

How the guideline value of Santhi Nagar 4th Street has changed

The guideline value for Santhi Nagar 4th Street has seen significant changes over the years. In 2003, the value was Rs 461 per sq.ft. It 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, which represented a substantial increase of +235%. Following this, the value reached Rs 4,000 per sq.ft in 2023, an increase of +49%. The most recent revision in 2024 set the value at Rs 4,300 per sq.ft, reflecting an increase of +8% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry 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, making the guideline value for Santhi Nagar 4th Street notably above this median.

• 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)
• Santhi Nagar 4th 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 Main Road: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi Nagar 4th Street

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, and the registration fee at 2% would be Rs 86,000. Together, the total cost for these fees would be 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Santhi Nagar 4th Street?

The Sub Registrar Office that covers Santhi Nagar 4th 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 is a critical factor in property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that must be paid during the registration process.

When a property is sold, the final sale price or the guideline value, whichever is higher, will be used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Santhi Nagar 4th Street?

The current guideline value for Santhi Nagar 4th 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 from Rs 461 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, showing an overall increase of +833% over the years.

What is the classification of Santhi Nagar 4th Street?

Santhi Nagar 4th Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Santhi Nagar 4th Street?

The Sub Registrar Office for Santhi Nagar 4th 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 higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 43,00,000, the total stamp duty and registration fees would amount to Rs 3,87,000.