Guideline Value for SANTHOM NAGAR

Santhom Nagar guideline value

The current guideline value of Santhom Nagar is Rs 879 per sq.ft, effective from 1 July 2024. This area is located in Periyakuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Santhom Nagar has changed

The guideline value for Santhom Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 879 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 800 per sq.ft. Prior to that, in 2017, the value was Rs 536 per sq.ft, indicating a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 800 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the values from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Santhom Nagar at Rs 879 per sq.ft is below this median.

• Sama Riyas Nagar: Rs 879 per sq.ft (2024)
• Sakthi Koil Street: Rs 1,320 per sq.ft (2024)
• Sera Sabarathinam Street: Rs 1,100 per sq.ft (2024)
• Rathis Paradise: Rs 879 per sq.ft (2024)
• Siddi Vinayagar Kovil Street: Rs 1,320 per sq.ft (2024)
• Sir.C.V.Raman Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Santhom Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 879 per sq.ft, the total guideline value would be Rs 8,79,000. The stamp duty at 7% would amount to Rs 61,530, and the registration fee at 2% would be Rs 17,580, resulting in a total of Rs 79,110. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Santhom Nagar?

The Sub Registrar Office covering Santhom Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Santhom Nagar?

The current guideline value of Santhom Nagar is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2023 to Rs 879 per sq.ft in 2024. It was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012.

What is the land classification for Santhom Nagar?

Santhom Nagar is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in Santhom Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 879 per sq.ft would incur a total of Rs 79,110 in fees.

Where is the Sub Registrar Office for Santhom Nagar located?

The Sub Registrar Office for Santhom Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.