Guideline Value for Santhi Nagar 12th Street

Santhi Nagar 12th Street guideline value

The current guideline value of Santhi Nagar 12th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of Santhi Nagar 12th Street has changed

Starting from the earliest revision, the guideline value for Santhi Nagar 12th Street was Rs 281 per sq.ft in 2002. This increased to Rs 321 per sq.ft in 2003, marking a change of +14%. The value then saw a significant rise to Rs 1,250 per sq.ft in 2007, an increase of +289%. Following this, the value rose dramatically to Rs 4,000 per sq.ft in 2012, reflecting a change of +220%. However, it decreased to Rs 2,680 per sq.ft in 2017, a decline of -33%.

In 2023, the guideline value was revised to Rs 4,000 per sq.ft, an increase of +49% from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +1466%. There are no figures available for the years not listed for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Santhi Nagar 12th Street is above this median.

• Santhi Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Santhi Nagar 10th Street: Rs 4,400 per sq.ft (2024)
• Santhi Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Santhi Nagar 2nd Main Road: Rs 4,400 per sq.ft (2024)
• Santhi Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Santhi Nagar 4th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi Nagar 12th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Santhi Nagar 12th Street?

The Sub Registrar Office that covers Santhi Nagar 12th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The registration office will charge duty based on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Santhi Nagar 12th Street?

The current guideline value of Santhi Nagar 12th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, starting from Rs 281 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +1466%.

What is the land classification for Santhi Nagar 12th Street?

Santhi Nagar 12th Street is classified as Residential Class I Type - II.

What are the other streets in Adambakkam with the same guideline value?

Several other streets in Adambakkam also have a guideline value of Rs 4,400 per sq.ft for 2024, including Santhi Nagar 11th Street, Santhi Nagar 10th Street, and others.

Where can I find the Sub Registrar Office for Santhi Nagar 12th Street?

The Sub Registrar Office for Santhi Nagar 12th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.