Guideline Value

Corporate

Guideline Value for Santhi Nagar Main 2nd Street

₹4400/sq.ft.

The guideline value for Santhi Nagar Main 2nd 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 ₹700 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹290 /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 Main 2nd Street

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Santhi Nagar Main 2nd Street guideline value

The current guideline value of Santhi Nagar Main 2nd 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 Main 2nd Street has changed

The guideline value for Santhi Nagar Main 2nd Street has undergone several revisions over the years. In 2002, the guideline value was Rs 290 per sq.ft. This increased to Rs 700 per sq.ft in 2003, marking a significant rise of 141%. The value continued to rise, reaching Rs 1,250 per sq.ft in 2007, which represented an increase of 79%. In 2012, the value was Rs 4,000 per sq.ft, showing a substantial increase of 220% from the previous revision. However, it decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%.

From 2017 to 2023, the guideline value rose to Rs 4,000 per sq.ft, indicating a significant increase of 49%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year. Throughout this period, there are no revisions that have no figure 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 value for these streets is Rs 3,900 per sq.ft, placing Santhi Nagar Main 2nd Street's 2024 figure above this median.

Stamp duty and registration fee for property in Santhi Nagar Main 2nd 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 fees to 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.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Santhi Nagar Main 2nd 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 in property transactions in Adambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set by the government.

It is essential for buyers and sellers to be aware of the current guideline value when engaging in property transactions, as it affects the overall cost of the transaction. Ensuring compliance with the guideline value helps in smooth registration processes and avoids potential legal issues.

Frequently asked questions

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

The current guideline value of Santhi Nagar Main 2nd 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 several changes, starting from Rs 290 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 1417% over the years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Santhi Nagar Main 2nd Street?

The Alandur Sub Registrar Office handles registrations for Santhi Nagar Main 2nd Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum registration value for properties, influencing the calculation of stamp duty and registration fees during property transactions.