Guideline Value for Santhi Nagar

Santhi Nagar guideline value

The current guideline value of Santhi Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Siru Mathoor village under the Sriperumpudur SRO, classified as Mixed Type - I.

How the guideline value of Santhi Nagar has changed

The guideline value for Santhi Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft. This remained unchanged until the 2017 revision, which decreased the value to Rs 268 per sq.ft. However, the 2023 revision brought the value back to Rs 400 per sq.ft, and the same rate was maintained in the 2024 revision, resulting in a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 0%.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. The 2012 to 2017 period saw a decrease of 33%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 concerning this street.

Guideline values in Siru Mathoor

Siru Mathoor village has 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Santhi Nagar's 2024 figure below that median.

• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Raja Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Sri Mahalaxmi Nagar: Rs 350 per sq.ft (2024)
• Perumal Koil street: Rs 600 per sq.ft (2024)
• Padmavathy Nagar: Rs 150 per sq.ft (2024)
• Oviar Gramam: 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 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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?

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 information.

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

The guideline value is a critical factor when registering property transactions in Siru Mathoor. It is used to determine the stamp duty and registration fees that must be paid during the property registration process.

When a buyer or seller engages in a property transaction, the guideline value serves as a benchmark for calculating the applicable duties. This ensures that the registration process is standardized and transparent, reflecting the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Santhi Nagar?

The current guideline value of Santhi Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 400 per sq.ft in 2024, which is the same as in 2023. The value was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What are the guideline values for other streets in Siru Mathoor?

Other streets in Siru Mathoor have varying guideline values, ranging from Rs 150 to Rs 2,500 per sq.ft, with a median value of Rs 600 per sq.ft.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registration for Santhi Nagar?

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