Guideline Value for SANTHOSH AVENUE

Santhosh Avenue guideline value

The current guideline value of Santhosh Avenue is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Valarkundram village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Santhosh Avenue has changed

Over the years, the guideline value of Santhosh Avenue has undergone several revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 134 per sq.ft. The latest revision in 2024 has increased this value to Rs 200 per sq.ft, marking a significant change of +49% from the previous year.

To summarize, the guideline value of Santhosh Avenue was Rs 134 per sq.ft in 2023 and has risen to Rs 200 per sq.ft in 2024. This change reflects the most recent update and is crucial for property transactions in the area.

Guideline values in Valarkundram

Currently, there are no specific village figures available for Valarkundram. Santhosh Avenue is the only street referenced in the Chengleput Joint II SRO. Below are the other streets in Valarkundram:

Stamp duty and registration fee for property in Santhosh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Santhosh Avenue?

The Chengleput Joint II Sub Registrar Office covers Santhosh Avenue. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Valarkundram. It is used to determine the stamp duty and registration fees that must be paid during the buying or selling process. Buyers and sellers should be aware that the guideline value is a key factor in the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Santhosh Avenue?

The current guideline value of Santhosh Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 134 per sq.ft in 2023 to Rs 200 per sq.ft in 2024, representing a +49% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for properties in Santhosh Avenue?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Santhosh Avenue?

The Chengleput Joint II Sub Registrar Office handles registrations for Santhosh Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What land classification is Santhosh Avenue?

Santhosh Avenue is classified as Residential Class I Type - I, which indicates the type of development permissible in this area.