Guideline Value for SANTHOSH GARDEN, VIJAYA NAGAR, SAI ILLAM

Santhosh Garden, Vijaya Nagar, Sai Illam guideline value

The current guideline value of Santhosh Garden, Vijaya Nagar, Sai Illam is Rs 3,300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Neelankarai SRO and is classified as Residential Class II Type - I.

How the guideline value of Santhosh Garden, Vijaya Nagar, Sai Illam has changed

The guideline value for Santhosh Garden has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 3,000 per sq.ft, which increased to Rs 3,300 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, the register does not contain figures for this street. The 2024 value of Rs 3,300 per sq.ft places it above the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values range from Rs 1,000 to Rs 8,800 per sq.ft, with a median of Rs 2,200 per sq.ft. Santhosh Garden's 2024 figure of Rs 3,300 per sq.ft is above this median.

• Santhosh Garden: Rs 3,300 per sq.ft (2024)
• Santhosh Nagar: Rs 3,300 per sq.ft (2024)
• Sarangapani Street: Rs 2,200 per sq.ft (2024)
• Saraswathi Garden: Rs 1,700 per sq.ft (2024)
• Sankamam Layout: Rs 2,800 per sq.ft (2024)
• Saravana Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Santhosh Garden, Vijaya Nagar, Sai Illam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be 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, totaling Rs 2,97,000. Stamp 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 details.

Which Sub Registrar Office covers Santhosh Garden, Vijaya Nagar, Sai Illam?

The Sub Registrar Office that covers Santhosh Garden, Vijaya Nagar, Sai Illam 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 information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor during property registration in Sholinganallur - 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps determine the minimum value on which the stamp duty is calculated. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Santhosh Garden?

The current guideline value of Santhosh Garden, Vijaya Nagar, Sai Illam is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a change of +10%.

What is the land classification for Santhosh Garden?

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

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated on properties in Santhosh Garden?

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