Guideline Value for SANTHUSTEEET

Santhusteeet guideline value

The current guideline value of Santhusteeet, located in Kodivalasa village under the Pallipattu SRO, is Rs 200 per sq.ft. This value is effective from the 2024 revision, which commenced on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Santhusteeet has changed

Over the years, the guideline value for Santhusteeet has seen several revisions. The 2007 revision recorded a value of Rs 60 per sq.ft, which increased significantly to Rs 200 per sq.ft in the 2012 revision, marking a rise of 233%. However, in the 2017 revision, the value dropped to Rs 134 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 200 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for Santhusteeet in the 2002 and 2003 revisions. The overall change from the 2007 revision to the 2024 revision is an increase of 233%.

Guideline values in Kodivalasa

Kodivalasa village has 17 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft, with a median value of Rs 200 per sq.ft. Santhusteeet's 2024 guideline value aligns with this median.

• Senthilnagar: Rs 175 per sq.ft (2024)
• Ramannastreet: Rs 200 per sq.ft (2024)
• PILLYARKOIL St.,: Rs 200 per sq.ft (2024)
• Sundrareswararnagar: Rs 200 per sq.ft (2024)
• Ottavadaistreet: Rs 200 per sq.ft (2024)
• Oddar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Santhusteeet

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is essential 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 Santhusteeet?

The Sub Registrar Office that covers Santhusteeet is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. For more information, you can find your SRO.

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

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

Frequently asked questions

What is the current guideline value of Santhusteeet?

The current guideline value of Santhusteeet is Rs 200 per sq.ft, effective from the 2024 revision that started on 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and has been Rs 200 per sq.ft since 2023.

What is the land classification for Santhusteeet?

Santhusteeet is classified as Residential Class II Type - I, which indicates its suitability for residential development.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Santhusteeet?

The Pallipattu Sub Registrar Office handles property registrations for Santhusteeet, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.