Guideline Value for Santhan street

Santhan street guideline value

The current guideline value of Santhan street in Ammayarkuppam village is Rs 260 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

How the guideline value of Santhan street has changed

Over the years, the guideline value of Santhan street has seen several revisions. The earliest available figure is from 2007, when the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 260 per sq.ft in 2012, marking a 160% rise. However, in 2017, the value dropped to Rs 174 per sq.ft, reflecting a decrease of 33%. The value then increased again to Rs 260 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value rose by 49%. The overall change from the 2007 figure to the current value in 2024 shows an increase of 160%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 260 per sq.ft. The median guideline value for these streets is Rs 260 per sq.ft, which is equal to the 2024 figure for Santhan street.

• Sannathi St: Rs 260 per sq.ft (2024)
• Saravanan St: Rs 260 per sq.ft (2024)
• Sakthiamman koil st: Rs 260 per sq.ft (2024)
• Selva Vinayagar Koil St: Rs 260 per sq.ft (2024)
• Seshappa St: Rs 260 per sq.ft (2024)
• Siruthondar St: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Santhan street

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value amounts to Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, while the registration fee at 2% would be Rs 5,200, bringing the total cost for these fees to Rs 23,400. 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 detailed calculations.

Which Sub Registrar Office covers Santhan street?

The Sub Registrar Office that covers Santhan street is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ammayarkuppam. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay when registering a property. The guideline value is determined based on various factors, including the location and classification of the land.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that the appropriate taxes are collected and that the transaction is legally recognized.

Frequently asked questions

What is the current guideline value of Santhan street?

The current guideline value of Santhan street is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then decreased to Rs 174 per sq.ft in 2017, and returned to Rs 260 per sq.ft in 2023 and 2024.

What is the median guideline value for streets in Ammayarkuppam?

The median guideline value for the 43 streets in Ammayarkuppam is Rs 260 per sq.ft, which is the same as the guideline value for Santhan street.

What fees are associated with buying property on Santhan street?

When buying property on Santhan street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations for Santhan street?

The Ramakrishna Rajupettai Sub Registrar Office handles property registrations for Santhan street, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.