Guideline Value for Santhi Avenue

Santhi Avenue guideline value

The current guideline value of Santhi Avenue is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Santhi Avenue has changed

Over the years, the guideline value of Santhi Avenue has seen several revisions. The 2017 revision set the value at Rs 536 per sq.ft, which remained unchanged in the 2023 revision. However, from 2023 to 2024, the guideline value increased to Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

To summarize the changes: from 2017 to 2023, there was a significant increase of 49%, and the overall change from 2017 to 2024 is also +49%. The current guideline value of Rs 800 per sq.ft is a notable figure in the context of the recent revisions.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, placing Santhi Avenue's 2024 figure above this median.

• Sannathi Street: Rs 700 per sq.ft (2024)
• Santhosh Nagar: Rs 1,200 per sq.ft (2024)
• Sarala Nagar: Rs 700 per sq.ft (2024)
• Saralavathi Garden: Rs 1,000 per sq.ft (2024)
• Saralavathi Nagar: Rs 700 per sq.ft (2024)
• Samsu Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total fees Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santhi Avenue?

The Sub Registrar Office that covers Santhi Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is officially documented and that the necessary taxes are collected. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Santhi Avenue?

The current guideline value of Santhi Avenue is Rs 800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 536 per sq.ft to the 2024 revision of Rs 800 per sq.ft, the guideline value has increased by 49%. The value remained unchanged between the 2023 and 2024 revisions.

What is the land classification for Santhi Avenue?

Santhi Avenue is classified as Residential Class II Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Santhi Avenue?

The Sub Registrar Office for Santhi Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 72,000.