Guideline Value

Corporate

Guideline Value for Santha Nagar

₹550/sq.ft.

The guideline value for Santha Nagar in Chinnapanicheri village (Kunrathur SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chinnapanicheri

Village

Kunrathur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Santha Nagar

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Santha Nagar guideline value

The current guideline value of Santha Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Chinnapanicheri village under the Kunrathur SRO, classified as Residential Class I Type - II.

How the guideline value of Santha Nagar has changed

The guideline value for Santha Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, set at Rs 200 per sq.ft. This value increased significantly to Rs 500 per sq.ft in 2012, marking a 150% rise. However, it dropped to Rs 335 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 500 per sq.ft in 2023, followed by a further increase to the current Rs 550 per sq.ft in 2024, reflecting a 10% change from the previous year.

There are no recorded figures for Santha Nagar in the years 2002 and 2003. From 2007 to 2024, the overall increase in guideline value amounts to 175%, highlighting the fluctuations in property valuation over time.

Guideline values in Chinnapanicheri

In Chinnapanicheri, there are 14 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median of Rs 675 per sq.ft. The guideline value for Santha Nagar is below this median.

Stamp duty and registration fee for property in Santha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is charged at 7%, which totals Rs 38,500, and the registration fee is 2%, amounting to Rs 11,000. Together, these fees total Rs 49,500. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Santha Nagar?

Santha Nagar falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chinnapanicheri. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue based on the property's assessed value.

When a property is sold, the guideline value serves as a benchmark for the sale price. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Santha Nagar?

The current guideline value of Santha Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, marking an overall increase of 175% over the years.

What are the other streets in Chinnapanicheri with their guideline values?

Other streets in Chinnapanicheri include Shanthi Nagar, Sri Enclave, Pudhupettai street, Panchatcharam Nagar Annexe, Panchatcharam Nagar, and Nova Nagar, with guideline values ranging from Rs 550 to Rs 800 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 38,500, and the registration fee is Rs 11,000, totaling Rs 49,500.

Which office handles property registration for Santha Nagar?

The Kunrathur Sub Registrar Office handles property registration for Santha Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.