Guideline Value for Santhammal Nagar

Santhammal Nagar guideline value

The current guideline value of Santhammal Nagar is Rs 2,200 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Mixed Special Type - II.

How the guideline value of Santhammal Nagar has changed

In the 2012 revision, the guideline value was set at Rs 2,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,474 per sq.ft, marking a decline of 33%. However, in the subsequent 2023 revision, the guideline value increased to Rs 2,200 per sq.ft, reflecting a 49% rise from the 2017 figure. Notably, there are no figures available for the revisions in 2002, 2003, and 2007, as well as for the upcoming 2024 revision.

Overall, from 2012 to 2023, the guideline value has remained constant at Rs 2,200 per sq.ft, despite fluctuations in the intervening years. The changes in the guideline value highlight the variations that can occur over time, influenced by different factors.

Guideline values in Vandalur

Santhammal Nagar is part of the Vandalur area, which is governed by the Gooduvancheri SRO. Currently, there are no specific guideline values provided for other streets in Vandalur under this SRO.

Stamp duty and registration fee for property in Santhammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Thus, the total cost for these fees would be 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santhammal Nagar?

The Sub Registrar Office that covers Santhammal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vandalur. It serves as a benchmark for assessing the value of the property, ensuring that the transaction is recorded at a fair price, which is essential for legal and taxation purposes.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Santhammal Nagar?

The current guideline value of Santhammal Nagar is Rs 2,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, followed by an increase back to Rs 2,200 per sq.ft in 2023. Overall, the value has remained the same from 2012 to 2023.

What is the land classification for Santhammal Nagar?

Santhammal Nagar is classified as Mixed Special Type - II, which indicates the type of land use permitted in the area.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.