Guideline Value for Santhi Nagar

Santhi Nagar guideline value

The current guideline value of Santhi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. It is located in Mevaloorkuppam B village, under the Sriperumpudur SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Santhi Nagar has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The 2024 revision has retained this value at Rs 300 per sq.ft, resulting in a 49% increase from the 2017 figure to the 2024 figure.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the guideline value has not changed from Rs 300 per sq.ft between the 2023 and 2024 revisions, indicating a stable valuation in recent years.

Guideline values in Mevaloorkuppam B

Mevaloorkuppam B has a total of 84 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, which means the guideline value of Santhi Nagar is below this median.

• Santhu Street: Rs 300 per sq.ft (2024)
• Saraswathy Nagar: Rs 300 per sq.ft (2024)
• Selliyamman Koil Street: Rs 100 per sq.ft (2024)
• S&P The Crest: Rs 1,320 per sq.ft (2024)
• Sree Sayee Nagar: Rs 1,320 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Please note that 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?

The Sub Registrar Office that covers Santhi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Mevaloorkuppam B. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Santhi Nagar?

The current guideline value of Santhi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

The guideline value has increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024.

Are there any years without a guideline value for Santhi Nagar?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Santhi Nagar.

What is the median guideline value in Mevaloorkuppam B?

The median guideline value in Mevaloorkuppam B is Rs 400 per sq.ft, which is higher than the current value of Santhi Nagar.

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

The Sub Registrar Office for Santhi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.