Guideline Value for Santhammal Nagar

Santhammal Nagar guideline value

The current guideline value of Santhammal Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Agaram Male village and falls under the Poonamallee SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Santhammal Nagar has changed

The guideline value for Santhammal Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 770 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no recorded figures for Santhammal Nagar in the revisions of 2002, 2003, 2007, and 2012. The increase from 2017 to 2023 was 49%, reflecting significant changes in the guideline value during this period.

Guideline values in Agaram Male

Agaram Male village has 21 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,800 per sq.ft. The median value is Rs 770 per sq.ft, making the guideline value of Santhammal Nagar equal to this median.

• Sannathi Street: Rs 550 per sq.ft (2024)
• Saranya Nagar: Rs 770 per sq.ft (2024)
• Sarathambal Nagar: Rs 770 per sq.ft (2024)
• Shree Vari Nagar: Rs 1,642 per sq.ft (2024)
• Sri Ambal City: Rs 770 per sq.ft (2024)
• Pushpha Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Santhammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. 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 more details.

Which Sub Registrar Office covers Santhammal Nagar?

Santhammal Nagar is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Agaram Male. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Santhammal Nagar?

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, marking an overall increase of 64%.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 69,300, based on the current guideline value.

Which office handles property registrations for Santhammal Nagar?

The Poonamallee Sub Registrar Office is responsible for property registrations in Santhammal Nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the guideline value determined in Agaram Male?

The guideline value in Agaram Male is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in property values.