Guideline Value for SANTHOSH NAGAR

Santhosh Nagar guideline value

The current guideline value of Santhosh Nagar, located in Karimbedu village under the Pallipattu SRO, is Rs 104 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Santhosh Nagar has changed

Looking at the historical revisions, the guideline value for Santhosh Nagar has seen several changes. In 2012, the guideline value was Rs 75 per sq.ft, which then decreased to Rs 50 per sq.ft in 2017. Following that, there was a significant increase to Rs 100 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 104 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 100%, and from 2023 to 2024, there was an increase of 4%. Overall, from 2012 to 2024, the guideline value has increased by 39%.

Guideline values in Karimbedu

In Karimbedu village, three streets fall under the Pallipattu SRO with a 2024 guideline value. Santhosh Nagar's current rate of Rs 104 per sq.ft is equal to the median value of Rs 104 per sq.ft in the village, while the other streets have different values.

• Sanjeevi Nagar: Rs 100 per sq.ft (2024)
• Ramalinga Reddy Nagar: Rs 104 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 104 per sq.ft, the total guideline value would be Rs 1,04,000. The stamp duty at 7% would amount to Rs 7,280, and the registration fee at 2% would be Rs 2,080, bringing the total fees together to Rs 9,360. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Santhosh Nagar?

The Sub Registrar Office that covers Santhosh Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karimbedu. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Santhosh Nagar?

The current guideline value of Santhosh Nagar is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 50 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 104 per sq.ft in 2024.

What are the other streets in Karimbedu with their guideline values?

Other streets in Karimbedu include Sanjeevi Nagar with a guideline value of Rs 100 per sq.ft and Ramalinga Reddy Nagar with a guideline value of Rs 104 per sq.ft, both effective from 2024.

What is the registration fee for a property in Santhosh Nagar?

The registration fee for a property in Santhosh Nagar is 2% of the guideline value. For example, for a property valued at Rs 1,04,000, the registration fee would be Rs 2,080.

Where is the Sub Registrar Office for Santhosh Nagar located?

The Sub Registrar Office for Santhosh Nagar is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.