Guideline Value for SANTHOSAM NAGAR

Santhosam Nagar guideline value

The current guideline value of Santhosam Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Kattur village, under the Ponneri Sub Registrar Office (SRO), and is classified as Residential Class II Type - I.

How the guideline value of Santhosam Nagar has changed

Since the 2002 revision, the guideline value for Santhosam Nagar has not seen any changes recorded in the register for the years 2002, 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 100 per sq.ft, which remained unchanged in the subsequent revisions of 2023 and 2024.

In summary, the guideline value has been Rs 100 per sq.ft across the revisions from 2017 to 2024, with no percentage change recorded between the revisions of 2023 to 2024 and 2017 to 2023, leading to an overall change of +0% from 2017 to 2024.

Guideline values in Kattur

Kattur village has 11 streets under the Ponneri SRO that carry a 2024 guideline value, all at Rs 100 per sq.ft. The guideline value of Santhosam Nagar is equal to the median value of Rs 100 per sq.ft in this area.

• Sri Ayyanar Colony: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue Phase II: Rs 100 per sq.ft (2024)
• Sri Balaji Nagar: Rs 100 per sq.ft (2024)
• Sri Vari Avenue: Rs 100 per sq.ft (2024)
• Om Enterprises: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Santhosam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty would be calculated at 7%, amounting to Rs 7,000, and the registration fee at 2%, amounting to Rs 2,000, bringing the total fees to Rs 9,000. 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 detailed calculations.

Which Sub Registrar Office covers Santhosam Nagar?

Santhosam Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Kattur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to consider the guideline value, as it may influence the final sale price and the associated fees. Buyers should be aware that the guideline value can impact their overall costs during the registration process.

Frequently asked questions

What is the current guideline value of Santhosam Nagar?

The current guideline value of Santhosam Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since the 2017 revision, with no changes recorded in the revisions of 2023 and 2024.

What is the classification of land in Santhosam Nagar?

Santhosam Nagar is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the stamp duty rates applicable in Santhosam Nagar?

The stamp duty rate in Santhosam Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Santhosam Nagar?

The Sub Registrar Office covering Santhosam Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO online.