Guideline Value for SANTHI NAGAR

Santhi Nagar guideline value

The current guideline value of Santhi Nagar is Rs 900 per sq.ft, effective from 1 July 2024. This area is located in Kayirambedu village, under the Chengleput Joint II SRO, and is classified as Mixed Type - II land.

How the guideline value of Santhi Nagar has changed

Looking at the revisions, the guideline value for Santhi Nagar has seen several changes over the years. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision recorded a lower value of Rs 603 per sq.ft, marking a decrease of 33% from the 2012 figure. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 900 per sq.ft in 2023, where it has stayed through to the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 900 per sq.ft.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Santhi Nagar is above this median.

• Santhosh Nagar: Rs 700 per sq.ft (2024)
• Sapthagiri Garden: Rs 700 per sq.ft (2024)
• Sanjay Nagar: Rs 700 per sq.ft (2024)
• Sakthi Avenue: Rs 1,500 per sq.ft (2024)
• R.R Avenue: Rs 1,500 per sq.ft (2024)
• Rishi Gardan: Rs 801 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, resulting in a total of Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Santhi Nagar?

The Sub Registrar Office that covers Santhi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kayirambedu. It is used to determine the stamp duty and registration fees applicable to the transaction. The guideline value is set by the Registration Department and reflects the minimum value at which properties in the area are assessed.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, and it helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Santhi Nagar?

The current guideline value of Santhi Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Santhi Nagar?

Santhi Nagar is classified as Mixed Type - II land. This classification can affect the types of developments allowed in the area.

What are the stamp duty rates for property in Santhi Nagar?

The stamp duty for property in Santhi Nagar is 7% of the guideline value, while the registration fee is 2%. These rates apply to the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Santhi Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles all registrations for properties in Santhi Nagar.