Guideline Value for SANTHOSH NAGAR

Santhosh Nagar guideline value

The current guideline value of Santhosh Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Sholinganallur - 1 village and is classified as Residential Class II Type - I. The Neelankarai SRO oversees the registration for this locality.

How the guideline value of Santhosh Nagar has changed

In the 2023 revision, the guideline value was Rs 3,000 per sq.ft. The 2024 revision has increased this figure to Rs 3,300 per sq.ft, marking a change of +10%. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize the revisions, the guideline value has seen an increase from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. The previous revisions do not provide any figures for Santhosh Nagar.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for this area is Rs 2,200 per sq.ft, placing Santhosh Nagar's 2024 figure above that median.

• Santhosh Garden, Vijaya Nagar, Sai Illam: Rs 3,300 per sq.ft (2024)
• Santhosh Garden: 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 Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to 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, bringing the total fees to Rs 2,97,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Santhosh Nagar?

The Neelankarai Sub Registrar Office covers Santhosh Nagar, 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 when registering property transactions in Sholinganallur - 1. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately in the government records. It serves as a reference point for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Santhosh Nagar?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Santhosh Nagar?

Santhosh Nagar is classified as Residential Class II Type - I. This classification helps determine the guideline value and potential uses for the land.

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 for property in Santhosh Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 2,31,000.