Guideline Value

Corporate

Guideline Value for SANTHI NAGAR

₹440/sq.ft.

The guideline value for Santhi Nagar in Nadukuthagai village (Avadi SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nadukuthagai

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Santhi Nagar guideline value

The current guideline value of Santhi Nagar, located in Nadukuthagai village under the Avadi SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - III.

How the guideline value of Santhi Nagar has changed

The guideline value for Santhi Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017, marking a drop of 33%. In 2023, the value further declined to Rs 400 per sq.ft, reflecting a 15% decrease from the previous revision. The most recent revision in 2024 shows an increase to Rs 440 per sq.ft, which is a 10% rise from 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has decreased by 37%. The fluctuations in the guideline value illustrate the changes in the real estate landscape in this region over the years.

Guideline values in Nadukuthagai

Nadukuthagai village has 35 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,980 per sq.ft. The median value for these streets is Rs 880 per sq.ft, positioning Santhi Nagar's 2024 guideline value below this median.

Stamp duty and registration fee for property in Santhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santhi Nagar?

The Sub Registrar Office that covers Santhi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Nadukuthagai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process. Buyers and sellers should be aware that the guideline value is used to calculate these costs, which can significantly impact the overall expenses involved in property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value as per the government regulations. This helps in maintaining transparency in the real estate market, ensuring that both parties are aware of the financial obligations associated with the sale.

Frequently asked questions

What is the current guideline value of Santhi Nagar?

The current guideline value of Santhi Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 440 per sq.ft in 2024, reflecting a 37% decrease overall. The most recent increase was from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024.

What is the registration office for Santhi Nagar?

The registration office for Santhi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Santhi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at 7%.

What are the other streets in Nadukuthagai with their guideline values?

Other streets in Nadukuthagai include Sri Guberan Nagar at Rs 660 per sq.ft, Sri Mahalakshmi Nagar at Rs 880 per sq.ft, and several streets in Prakash Nagar at Rs 1,590 per sq.ft. The guideline values vary significantly across the village.