Guideline Value

Corporate

Guideline Value for Santhi Nagar 4th Street

₹4400/sq.ft.

The guideline value for Santhi Nagar 4th Street 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 ₹650 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹281 /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 4th Street

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Santhi Nagar 4th Street guideline value

The current guideline value of Santhi Nagar 4th Street 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 4th Street has changed

The guideline value for Santhi Nagar 4th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 281 per sq.ft. This increased to Rs 650 per sq.ft in 2003, marking a rise of 131%. The value then saw a significant increase to Rs 1,250 per sq.ft in 2007, which represented a 92% change. Following this, the 2012 revision set the value at Rs 4,000 per sq.ft, showing a substantial increase of 220%. However, in 2017, the value dropped to Rs 2,680 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the years not mentioned in the register for Santhi Nagar 4th Street. Overall, from 2002 to 2024, the guideline value has increased by 1466%.

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 4th Street is above this median.

Stamp duty and registration fee for property in Santhi Nagar 4th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 44,00,000. The stamp duty at 7% amounts to Rs 3,08,000, while the registration fee at 2% is Rs 88,000. Together, these fees total Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Santhi Nagar 4th Street?

The Sub Registrar Office that covers Santhi Nagar 4th 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Adambakkam. It serves as a basis for calculating the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Santhi Nagar 4th Street?

The current guideline value of Santhi Nagar 4th 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 changed from Rs 281 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1466% over the years.

What is the land classification for Santhi Nagar 4th Street?

Santhi Nagar 4th Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Santhi Nagar 4th Street?

The Sub Registrar Office for Santhi Nagar 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Santhi Nagar 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.