Guideline Value for SANTHI SRI NAGAR

Santhi Sri Nagar guideline value

The current guideline value of Santhi Sri Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Orakadamagadevimangalam village under the Sunguvarchattram SRO, classified as Residential Special Type - I.

How the guideline value of Santhi Sri Nagar has changed

The guideline value register for Santhi Sri Nagar shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change between these two years.

Thus, the guideline value for Santhi Sri Nagar has been consistent at Rs 300 per sq.ft since the 2023 revision. The lack of figures in earlier revisions suggests that this street has maintained its valuation without documented changes for several years prior to 2023.

Guideline values in Orakadamagadevimangalam

In Orakadamagadevimangalam, there are 12 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 103 per sq.ft, placing Santhi Sri Nagar's 2024 figure above that median.

• Sathya Nagar: Rs 103 per sq.ft (2024)
• R.M.K.Nandhavanam: Rs 103 per sq.ft (2024)
• Sri Krishna Nagar: Rs 103 per sq.ft (2024)
• Srinivasa Avenue: Rs 103 per sq.ft (2024)
• Sri Sai Nagar: Rs 102 per sq.ft (2024)
• Sri Vaithamanidhi Nagar: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi Sri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santhi Sri Nagar?

Santhi Sri Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Orakadamagadevimangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that these fees are calculated based on a standardized valuation.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Santhi Sri Nagar?

The current guideline value of Santhi Sri Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Santhi Sri Nagar has remained at Rs 300 per sq.ft since the 2023 revision, with no documented changes in the previous revisions from 2002 to 2017.

What is the land classification for Santhi Sri Nagar?

Santhi Sri Nagar is classified as Residential Special Type - I under the guideline value register.

What are the stamp duty and registration fees for property in Santhi Sri Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 27,000.

Which office handles registrations for Santhi Sri Nagar?

The Sunguvarchattram Sub Registrar Office handles registrations for Santhi Sri Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.