Guideline Value for Santha Nagar

Santha Nagar guideline value

The current guideline value of Santha Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Santha Nagar has changed

Over the years, the guideline value of Santha Nagar has seen significant changes. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, there was a decrease to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2012 to 2017, the guideline value decreased by 33%. Following that, it increased by 49% from 2017 to 2023. The most recent revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 633%.

Guideline values in Selaiyur

Selaiyur village has a total of 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing Santha Nagar's 2024 figure at the median value.

• Sarada Garden: Rs 1,800 per sq.ft (2024)
• Sangeetha Sabha: Rs 1,300 per sq.ft (2024)
• Saraswathi Avenue: Rs 2,400 per sq.ft (2024)
• Sampathkumar Street: Rs 2,750 per sq.ft (2024)
• Sakthi Garden Phase II: Rs 4,400 per sq.ft (2024)
• Sakthi Garden Phase I: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Santha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 further calculations.

Which Sub Registrar Office covers Santha Nagar?

Santha Nagar falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of properties in Selaiyur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is documented accurately and in accordance with the regulations set by the Registration Department.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Understanding the guideline value can help in planning the financial aspects of buying or selling a property in Selaiyur.

Frequently asked questions

What is the current guideline value of Santha Nagar?

The current guideline value of Santha Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, with various increments and a few decreases along the way.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, which is the same as the current guideline value for Santha Nagar.

What are the stamp duty and registration fees for a property in Santha Nagar?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.