Guideline Value for Santhi Nagar VIth Lane

Santhi Nagar VIth Lane guideline value

The current guideline value of Santhi Nagar VIth Lane is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Santhi Nagar VIth Lane has changed

The guideline value for Santhi Nagar VIth Lane has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, an increase from Rs 1,600 per sq.ft in 2023. This marks a change of +10%. Prior to that, in 2017, the value was Rs 1,072 per sq.ft, indicating a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has risen by +64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Thus, the revisions available are only from 2017, 2023, and 2024.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in this area is Rs 1,980 per sq.ft, placing Santhi Nagar VIth Lane's 2024 value below that median.

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

Stamp duty and registration fee for property in Santhi Nagar VIth 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, making the total cost of duty and registration 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 detailed calculations.

Which Sub Registrar Office covers Santhi Nagar VIth Lane?

The Sub Registrar Office that covers Santhi Nagar VIth Lane is 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 is a crucial factor when buying or selling property in Anakaputhur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the stamp duty and registration fees. This ensures transparency in property transactions and helps in maintaining a standardized pricing structure across the region.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, marking an overall increase of +64%.

What is the registration office for Santhi Nagar VIth Lane?

The registration office for Santhi Nagar VIth Lane is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,60,000, the stamp duty is Rs 1,23,200 and the registration fee is Rs 35,200, totaling Rs 1,58,400.

Where can I find more information about guideline values in Anakaputhur?

For more information about guideline values in Anakaputhur, you can refer to the official guideline value register available through the Registration Department's website.