Guideline Value for SANTHI NAGAR KALAIJAR STREET

Santhi Nagar Kalaijar Street guideline value

The current guideline value of Santhi Nagar Kalaijar 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 Kalaijar Street has changed

The guideline value for Santhi Nagar Kalaijar Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,100 per sq.ft, which increased significantly to Rs 2,800 per sq.ft in 2012. However, this value decreased by 33% to Rs 1,876 per sq.ft in 2017. The 2023 revision marked a considerable increase to Rs 2,800 per sq.ft, followed by the current 2024 revision, which raised it to Rs 3,100 per sq.ft, reflecting an 11% increase from the previous year.

Between the revisions, the most significant change occurred from 2007 to 2012, with a 155% increase. Overall, from 2007 to 2024, the guideline value has increased by 182%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a guideline value for 2024, 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 guideline value for Santhi Nagar Kalaijar Street.

• Santhi Nagar Annex: Rs 3,100 per sq.ft (2024)
• Santhi Nagar Main Road: Rs 3,100 per sq.ft (2024)
• Santhi Nagar Venugopal Street: Rs 3,100 per sq.ft (2024)
• Santhi Nagar 3rd Street: Rs 3,100 per sq.ft (2024)
• Santhi Nagar 2nd Street: Rs 3,100 per sq.ft (2024)
• Santhi Nagar 1st Street: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi Nagar Kalaijar Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Santhi Nagar Kalaijar Street?

The Sub Registrar Office that covers Santhi Nagar Kalaijar 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 a crucial factor in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the current market standards.

When a property is sold, the guideline value helps in calculating the necessary fees and taxes that need to be paid at the time of registration. Buyers and sellers should be aware of these values to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Santhi Nagar Kalaijar Street?

The current guideline value of Santhi Nagar Kalaijar 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 from Rs 1,100 per sq.ft in 2007 to Rs 3,100 per sq.ft in 2024, reflecting an overall increase of 182% over the years.

What is the registration office for Santhi Nagar Kalaijar Street?

The registration office for Santhi Nagar Kalaijar 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.

What are the stamp duty and registration fees for property 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.

What is the land classification for Santhi Nagar Kalaijar Street?

The land classification for Santhi Nagar Kalaijar Street is Residential Class II Type - I.