Guideline Value for SANTHOSH NAGAR

Santhosh Nagar guideline value

The current guideline value of Santhosh Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Athur B Block village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Santhosh Nagar has changed

The guideline value for Santhosh Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 150 per sq.ft. This increased significantly to Rs 500 per sq.ft in the 2012 revision, marking a 233% rise. However, it then decreased to Rs 335 per sq.ft in the 2017 revision, a drop of 33%. The value remained at Rs 500 per sq.ft in both the 2023 and 2024 revisions, indicating no change in these years.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 233% in the guideline value for Santhosh Nagar.

Guideline values in Athur B Block

Athur B Block contains 79 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for these streets is Rs 700 per sq.ft, making Santhosh Nagar's 2024 figure below the median.

• Saraswathi Nagar: Rs 500 per sq.ft (2024)
• R R Nagar: Rs 1,000 per sq.ft (2024)
• Seshathri Nagar: Rs 700 per sq.ft (2024)
• Shirdi Avenue: Rs 1,000 per sq.ft (2024)
• Shree Sakthi Garden: Rs 800 per sq.ft (2024)
• Rathinam Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Santhosh Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santhosh Nagar?

The Sub Registrar Office that covers Santhosh Nagar is the Chengleput Joint II Sub Registrar Office, 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 Athur B Block

The guideline value is a crucial factor when registering property transactions in Athur B Block. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process aligns with the established values in the area.

Frequently asked questions

What is the current guideline value of Santhosh Nagar?

The current guideline value of Santhosh Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 150 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft in both 2023 and 2024.

What is the median guideline value in Athur B Block?

The median guideline value in Athur B Block is Rs 700 per sq.ft, while Santhosh Nagar's 2024 figure is below this median.

What are the stamp duty rates for properties in Santhosh Nagar?

The stamp duty rate for properties in Santhosh Nagar is 7%, calculated on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Santhosh Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.