Guideline Value for Santhanakrishna Layout

Santhanakrishna Layout guideline value

The current guideline value of Santhanakrishna Layout is Rs 2,160 per sq.ft, effective from 1 July 2024. This area is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Santhanakrishna Layout has changed

Over the years, the guideline value of Santhanakrishna Layout has seen significant changes. In 2003, the guideline value was Rs 233 per sq.ft, which increased to Rs 400 per sq.ft in 2007. The value then rose dramatically by 400% to reach Rs 2,000 per sq.ft in 2012. However, it dropped by 33% to Rs 1,340 per sq.ft in 2017. The subsequent revision in 2023 saw a substantial increase of 49%, bringing the value to Rs 2,000 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 2,160 per sq.ft, marking an 8% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 827%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, which means that the current guideline value of Santhanakrishna Layout is below this median.

• Sandhiyamman Nagar: Rs 1,980 per sq.ft (2024)
• Sakthi Nagar Varasithi Vinayagar Street: Rs 1,980 per sq.ft (2024)
• Sakthi Nagar: Rs 1,980 per sq.ft (2024)
• Sai Street: Rs 2,200 per sq.ft (2024)
• Sayee Nagar: Rs 2,200 per sq.ft (2024)
• Sayee Street (Indian Lane): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Santhanakrishna Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, while the registration fee at 2% would be Rs 43,200. Together, the total cost for stamp duty and registration fees would be Rs 1,94,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Santhanakrishna Layout?

The Sub Registrar Office that covers Santhanakrishna Layout is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Santhanakrishna Layout?

The current guideline value of Santhanakrishna Layout is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 233 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, marking an overall increase of 827%.

What is the median guideline value in Kilkattalai?

The median guideline value in Kilkattalai is Rs 2,530 per sq.ft, which is higher than the current guideline value of Santhanakrishna Layout.

What are the stamp duty and registration fees for a property in Santhanakrishna Layout?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,51,200 and the registration fee would be Rs 43,200, totaling Rs 1,94,400.

Which office handles the registration of properties in Santhanakrishna Layout?

The registration of properties in Santhanakrishna Layout is handled by the Pallavaram Sub Registrar Office, located in Chromepet, Chennai.