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Guideline Value

Corporate

Guideline Value for Santhi Nagar 2nd Main Road

₹4400/sq.ft.

The guideline value for Santhi Nagar 2nd Main Road in Adambakkam village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹700 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹287 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Santhi Nagar 2nd Main Road

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Santhi Nagar 2nd Main Road guideline value

The current guideline value of Santhi Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Santhi Nagar 2nd Main Road has changed

The guideline value for Santhi Nagar 2nd Main Road has seen several revisions over the years. In 2002, the value was Rs 287 per sq.ft, which increased to Rs 700 per sq.ft in 2003, marking a significant rise of 144%. Following this, the value continued to increase, reaching Rs 1,250 per sq.ft in 2007, which was a 79% increase from the previous figure. By 2012, the value was Rs 4,000 per sq.ft, reflecting a substantial increase of 220% from 2007. However, it then decreased by 33% to Rs 2,680 per sq.ft in 2017.

From 2017 to 2023, the guideline value rose significantly by 49% to Rs 4,000 per sq.ft. The latest revision in 2024 marks a further increase of 10%, bringing the current guideline value to Rs 4,400 per sq.ft. There are no figures available for the years not listed in the register 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. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Santhi Nagar 2nd Main Road above this median.

Stamp duty and registration fee for property in Santhi Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 more details.

Which Sub Registrar Office covers Santhi Nagar 2nd Main Road?

The Sub Registrar Office that covers Santhi Nagar 2nd Main Road 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 an essential factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Santhi Nagar 2nd Main Road?

The current guideline value of Santhi Nagar 2nd Main Road 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 changed significantly from Rs 287 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1433% over the years.

What is the classification of Santhi Nagar 2nd Main Road?

Santhi Nagar 2nd Main Road is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

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, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 3,96,000.