Guideline Value for SANTHU ST

Santhu St guideline value

The current guideline value of Santhu St in Srikaligapuram village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

How the guideline value of Santhu St has changed

Over the years, the guideline value of Santhu St has seen several revisions. The earliest recorded revision was in 2007, with a guideline value of Rs 40 per sq.ft. This increased to Rs 75 per sq.ft in 2012, marking an increase of 88%. However, the value then decreased to Rs 50 per sq.ft in 2017, which was a decline of 33%. From 2017 to 2023, the value surged to Rs 150 per sq.ft, reflecting a significant increase of 200%. Notably, the guideline value remained unchanged at Rs 150 per sq.ft from 2023 to 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 275%, reaching the current rate of Rs 150 per sq.ft.

Guideline values in Srikaligapuram

In Srikaligapuram, there are 17 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 150 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which is equal to the guideline value for Santhu St.

• Road St: Rs 150 per sq.ft (2024)
• Ramar Kovil St: Rs 150 per sq.ft (2024)
• Small St: Rs 150 per sq.ft (2024)
• Solingar Raod St: Rs 150 per sq.ft (2024)
• Post Office St: Rs 150 per sq.ft (2024)
• Tank St: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Santhu St

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value is Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. 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 precise calculations.

Which Sub Registrar Office covers Santhu St?

The Sub Registrar Office that covers Santhu St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Srikaligapuram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This value is essential for ensuring that the transaction complies with the regulatory framework set by the state.

When buyers and sellers engage in property transactions, the guideline value serves as a benchmark for assessing the value of the property. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Santhu St?

The current guideline value of Santhu St is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Santhu St has changed from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, reflecting a total increase of 275% over the years.

Which Sub Registrar Office covers Santhu St?

The Ramakrishna Rajupettai Sub Registrar Office covers Santhu St, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

What are the stamp duty and registration fees for property in Santhu St?

For a property valued at Rs 1,50,000, the stamp duty is Rs 10,500 and the registration fee is Rs 3,000, totaling Rs 13,500.

What is the land classification for Santhu St?

Santhu St is classified as Residential Class I Type - I under the current guidelines.