Guideline Value for SANTHIAPPAN SALAI 2ND CROSS STREET

Santhiappan Salai 2nd Cross Street guideline value

The current guideline value of Santhiappan Salai 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Santhiappan Salai 2nd Cross Street has changed

The guideline value for Santhiappan Salai 2nd Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this figure dropped to Rs 2,010 per sq.ft in 2017, before rising to Rs 3,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The increase from 2007 to 2012 was 400%, while the overall change from 2007 to 2024 reflects a substantial rise of 450%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Santhiappan Salai 2nd Cross Street.

• Santhiappan Salai 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Santhiappan Salai Cross Street: Rs 3,300 per sq.ft (2024)
• Santhiappan Salai: Rs 3,300 per sq.ft (2024)
• Sasthri Street: Rs 2,800 per sq.ft (2024)
• Sathiyamurthy Street: Rs 3,300 per sq.ft (2024)
• Sai Ayush Pooja Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Santhiappan Salai 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Santhiappan Salai 2nd Cross Street?

The Sub Registrar Office that covers Santhiappan Salai 2nd Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Perungudi, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. Accurate valuation ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Santhiappan Salai 2nd Cross Street?

The current guideline value of Santhiappan Salai 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 450% since 2007.

What is the registration office for Santhiappan Salai 2nd Cross Street?

The registration office for Santhiappan Salai 2nd Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.

What are the other streets with the same guideline value in Perungudi?

Other streets in Perungudi with the same guideline value of Rs 3,300 per sq.ft include Santhiappan Salai 1st Cross Street, Santhiappan Salai Cross Street, and Sathiyamurthy Street.