Guideline Value for Santhi Nagar 1st street-Right Side

Santhi Nagar 1st street-Right Side guideline value

The current guideline value for Santhi Nagar 1st street-Right Side is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of Santhi Nagar 1st street-Right Side has changed

The guideline value for Santhi Nagar 1st street-Right Side has undergone several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, in 2017, it dropped to Rs 1,340 per sq.ft before rising again to Rs 2,000 per sq.ft in 2023. The current revision in 2024 shows an increase to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. The change from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 122%. Overall, from 2007 to 2024, the guideline value has increased by 144%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Gowrivakkam

Gowrivakkam village has a total of 130 streets under the Selaiyur SRO, with guideline values ranging from Rs 840 to Rs 3,750 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is the same as the current value for Santhi Nagar 1st street-Right Side.

• Santhi Nagar 1st street: Rs 2,200 per sq.ft (2024)
• Santhi Nagar 2nd street: Rs 2,200 per sq.ft (2024)
• Santhi Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Santhi Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Santhi Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Santhi Nagar 5th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi Nagar 1st street-Right Side

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, these costs would total Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Santhi Nagar 1st street-Right Side?

The Sub Registrar Office covering Santhi Nagar 1st street-Right Side is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Gowrivakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Santhi Nagar 1st street-Right Side?

The current guideline value of Santhi Nagar 1st street-Right Side is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 144% over the years.

What is the registration office for Santhi Nagar 1st street-Right Side?

The registration office for Santhi Nagar 1st street-Right Side is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

What is the land classification for Santhi Nagar 1st street-Right Side?

Santhi Nagar 1st street-Right Side is classified as Residential Special Type - I.