Guideline Value for Santhi Nagar Ivth Lane

Santhi Nagar Ivth Lane guideline value

The current guideline value of Santhi Nagar Ivth Lane is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Santhi Nagar Ivth Lane has changed

The guideline value for Santhi Nagar Ivth Lane has undergone several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value further increase to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year. The overall change from 2017 to 2024 is an increase of 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. This lack of data means that the values from 2017 onward are the only available reference points for understanding the changes in the guideline value.

Guideline values in Anakaputhur

In Anakaputhur, a total of 501 streets fall under the Pammal SRO, with guideline values for 2024 ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Santhi Nagar Ivth Lane's 2024 figure below this median.

• Santhi Nagar Ist Lane: Rs 1,760 per sq.ft (2024)
• Santhi Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Santhi Nagar IInd Lane: Rs 1,760 per sq.ft (2024)
• Santhi Nagar VIIth Lane: Rs 1,760 per sq.ft (2024)
• Santhi Nagar IIIrd Lane: Rs 1,760 per sq.ft (2024)
• Santhi Nagar VIth Lane: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi Nagar Ivth Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. 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 details.

Which Sub Registrar Office covers Santhi Nagar Ivth Lane?

The Santhi Nagar Ivth Lane falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Santhi Nagar Ivth Lane?

The current guideline value of Santhi Nagar Ivth Lane is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Santhi Nagar Ivth Lane?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office covers Santhi Nagar Ivth Lane?

The Pammal Sub Registrar Office covers Santhi Nagar Ivth Lane, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Santhi Nagar Ivth Lane?

Santhi Nagar Ivth Lane is classified as Residential Class II Type - I, indicating its suitability for residential development.