Guideline Value

Corporate

Guideline Value for SANTHI NAGAR ANNEX

₹3100/sq.ft.

The guideline value for Santhi Nagar Annex 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 ₹309 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹250 /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 Annex

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Santhi Nagar Annex guideline value

The current guideline value of Santhi Nagar Annex in Ramapuram village is Rs 3,100 per sq.ft, effective from 1 July 2024. This property falls under the Chennai South Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Santhi Nagar Annex has changed

The guideline value for Santhi Nagar Annex has seen several revisions over the years. In the 2002 revision, the value was Rs 250 per sq.ft, which increased to Rs 309 per sq.ft in 2003, marking a 24% rise. The value then experienced significant growth, reaching Rs 1,100 per sq.ft in 2007, an increase of 256%. The 2012 revision saw the value drop to Rs 2,800 per sq.ft, a decrease of 155%. However, this was followed by a substantial increase to Rs 1,876 per sq.ft in 2017, reflecting a 49% rise. The value further increased to Rs 2,800 per sq.ft in 2023, before reaching the current rate of Rs 3,100 per sq.ft in 2024, which is an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,140%. The register has no figures for the years not listed above.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value is Rs 3,100 per sq.ft, which is the same as the current guideline value for Santhi Nagar Annex.

Stamp duty and registration fee for property in Santhi Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value would be Rs 31,00,000. The stamp duty at 7% would amount to Rs 2,17,000, and the registration fee at 2% would be Rs 62,000. Together, the total cost for stamp duty and registration would be Rs 2,79,000. 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 Annex?

The Sub Registrar Office that covers Santhi Nagar Annex 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 information.

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

The guideline value serves as a reference point for determining the minimum value of a property during registration. When buying or selling property in Ramapuram, the guideline value is essential for calculating applicable stamp duty and registration fees.

It is important for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. The higher of the guideline value or the sale price is used for calculating the stamp duty, ensuring that the transaction adheres to legal requirements.

Frequently asked questions

What is the current guideline value of Santhi Nagar Annex?

The current guideline value of Santhi Nagar Annex 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 250 per sq.ft in 2002 to Rs 3,100 per sq.ft in 2024, reflecting an overall increase of 1,140% over this period.

What is the land classification of Santhi Nagar Annex?

Santhi Nagar Annex is classified as Residential Class II Type - I, which indicates its suitability for residential development.

What are the registration fees for property in Santhi Nagar Annex?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Santhi Nagar Annex?

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