Guideline Value

Corporate

Guideline Value for Santhi Nagar Main Road

₹4400/sq.ft.

The guideline value for Santhi Nagar 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 ₹357 /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 Road

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Santhi Nagar Main Road guideline value

The current guideline value of Santhi Nagar Main Road is Rs 4,400 per sq.ft. This road is located in Adambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Santhi Nagar Main Road has changed

The guideline value for Santhi Nagar Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 357 per sq.ft. This increased to Rs 700 per sq.ft in 2003, marking a change of +96%. Following this, the value rose significantly to Rs 1,250 per sq.ft in 2007, which was a +79% increase. In 2012, the value changed to Rs 4,000 per sq.ft, reflecting a decrease of -33% from the previous revision. The guideline value then fell to Rs 2,680 per sq.ft in 2017, before increasing again to Rs 4,000 per sq.ft in 2023, a +49% change. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1132%. There are no figures available for revisions in years not mentioned in the register.

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 Main Road is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total fees would amount 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santhi Nagar Main Road?

The Sub Registrar Office that covers Santhi Nagar 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 a crucial factor during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from transactions.

When buying or selling property, the guideline value influences the stamp duty and registration fees that are payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of Santhi Nagar Main Road is Rs 4,400 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 357 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +1132% over the years.

What is the land classification for Santhi Nagar Main Road?

Santhi Nagar Main Road is classified as Residential Class I Type - II.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Santhi Nagar Main Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Santhi Nagar Main Road located?

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