Guideline Value for SANTHOSAPURAM

Santhosapuram guideline value

The current guideline value of Santhosapuram is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Vengaivasal village, under the Selaiyur SRO, classified as Mixed Type - II land.

How the guideline value of Santhosapuram has changed

The guideline value for Santhosapuram has undergone several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft. This figure was revised down to Rs 1,675 per sq.ft in 2017, marking a decrease of 33%. However, in 2023, the value increased to Rs 2,500 per sq.ft, followed by a further rise to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen an increase of 8%.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO, with a guideline value range from Rs 850 to Rs 4,800 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current value of Santhosapuram.

• Santhosapuram Veeramamunivar Street: Rs 2,700 per sq.ft (2024)
• Sarojini Nagar: Rs 2,700 per sq.ft (2024)
• Saminathapuram: Rs 2,700 per sq.ft (2024)
• Seetthalakshmi Nagar: Rs 1,900 per sq.ft (2024)
• Sekkizhar Street: Rs 4,000 per sq.ft (2024)
• Sabari Garden: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Santhosapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Santhosapuram?

The Sub Registrar Office that covers Santhosapuram is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO here.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vengaivasal. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When engaging in property transactions, it is essential to be aware of the current guideline value, as it directly affects the financial obligations associated with the registration process. Buyers and sellers should ensure they are informed of any changes in the guideline value to accurately assess their costs.

Frequently asked questions

What is the current guideline value of Santhosapuram?

The current guideline value of Santhosapuram is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then back to Rs 2,500 per sq.ft in 2023, with the latest revision in 2024 bringing it to Rs 2,700 per sq.ft.

What is the land classification of Santhosapuram?

Santhosapuram is classified as Mixed Type - II land, which is relevant for understanding its usage and development potential.

What are the stamp duty and registration fees for property in Santhosapuram?

For a property valued at the current guideline value of Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office should I contact for property registration in Santhosapuram?

The Selaiyur Sub Registrar Office is responsible for property registration in Santhosapuram. It is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.