Guideline Value for SHANTHI NAGAR

Shanthi Nagar guideline value

The current guideline value of Shanthi Nagar, located in Perumanallur village under the Pallipattu SRO, is Rs 106 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Shanthi Nagar has changed

The guideline value for Shanthi Nagar has undergone several revisions since 2017. In the 2017 revision, the value was set at Rs 47 per sq.ft. This figure saw a significant increase to Rs 100 per sq.ft in the 2023 revision, marking a 113% rise. The most recent revision in 2024 has further increased the guideline value to Rs 106 per sq.ft, which is a 6% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 126%.

Guideline values in Perumanallur

In Perumanallur, there are three streets under the Pallipattu SRO that carry a guideline value of Rs 106 per sq.ft for 2024, with the median also being Rs 106 per sq.ft. Shanthi Nagar's 2024 figure aligns with this median.

• Sri Ganapathi Puram: Rs 106 per sq.ft (2024)
• Kaviya City: Rs 106 per sq.ft (2024)

Stamp duty and registration fee for property in Shanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 106 per sq.ft, the total guideline value would be Rs 1,06,000. The stamp duty at 7% would amount to Rs 7,420, while the registration fee at 2% would be Rs 2,120, bringing the total to Rs 9,540. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Shanthi Nagar?

The Sub Registrar Office covering Shanthi Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perumanallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction is recorded accurately in the official register. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Shanthi Nagar?

The current guideline value of Shanthi Nagar is Rs 106 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 47 per sq.ft to Rs 106 per sq.ft in 2024, marking a total increase of 126% over this period.

What are the other streets in Perumanallur with the same guideline value?

Other streets in Perumanallur with the same guideline value of Rs 106 per sq.ft for 2024 include Sri Ganapathi Puram and Kaviya City.

What are the fees associated with buying property in Shanthi Nagar?

For a property valued at Rs 1,06,000, the stamp duty would be Rs 7,420 and the registration fee would be Rs 2,120, totaling Rs 9,540.

Where is the Sub Registrar Office for Shanthi Nagar located?

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