Guideline Value for SANTROR STREET

Santror Street guideline value

The current guideline value of Santror Street in Thiruporur village, under the Thiruporur SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Santror Street has changed

The guideline value for Santror Street has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012, marking a 180% rise. However, in 2017, the value dropped to Rs 469 per sq.ft, a decrease of 33%. The value then increased to Rs 700 per sq.ft in 2023, and further rose to Rs 770 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for Santror Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 208%, illustrating notable changes in the valuation over the years.

Guideline values in Thiruporur

In Thiruporur, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 495 to Rs 4,500 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Santror Street's 2024 figure below this median.

• Sannathi Street: Rs 880 per sq.ft (2024)
• Sannathi Santhu Street: Rs 770 per sq.ft (2024)
• Sabapathy Pathar Street: Rs 880 per sq.ft (2024)
• South Mada Street: Rs 880 per sq.ft (2024)
• Sowbaghiya Nagar: Rs 880 per sq.ft (2024)
• Police Line Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Santror Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, leading to a total of Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santror Street?

The Sub Registrar Office that covers Santror Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruporur. It is the basis for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the higher value between the guideline value and the sale price.

When registering a property, it is essential to ensure that the guideline value is understood, as it directly impacts the overall cost of the transaction. Buyers and sellers alike should consider the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Santror Street?

The current guideline value of Santror Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 208% during this period.

What is the land classification for Santror Street?

Santror Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

What are the other streets with similar guideline values in Thiruporur?

Other streets in Thiruporur include Sannathi Santhu Street at Rs 770 per sq.ft and several streets at Rs 880 per sq.ft, such as Sannathi Street and South Mada Street.

Where is the Sub Registrar Office for Santror Street located?

The Sub Registrar Office for Santror Street is located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone.