Guideline Value for Santhi Nagar

Santhi Nagar guideline value

The current guideline value of Santhi Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Santhi Nagar has changed

The guideline value of Santhi Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 110 per sq.ft, which increased to Rs 125 per sq.ft in 2003, marking a 14% rise. The value continued to grow, reaching Rs 400 per sq.ft in 2007, a substantial increase of 220%. By 2012, the guideline value was further revised to Rs 2,200 per sq.ft, reflecting a massive jump of 450% from the previous revision.

As of the 2024 revision, the guideline value stands at Rs 2,400 per sq.ft. This represents a 9% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 2082%. It is important to note that the register has no figures for the years 2017 and 2023 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the current value of Santhi Nagar.

• Santhi Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Santhi Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Santhi Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Santhi Nagar (Anna Street): Rs 2,400 per sq.ft (2024)
• Santhi Nagar Extention: Rs 2,400 per sq.ft (2024)
• Santhi Nagar Main Road: Rs 2,400 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 2,400 per sq.ft, the guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Santhi Nagar?

Santhi Nagar is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware that the guideline value is a baseline for these calculations, ensuring that the government receives the appropriate revenue from property transactions.

When purchasing property, the guideline value helps in assessing the minimum price at which a property can be registered. This ensures transparency and fairness in property dealings, protecting both the buyer and seller during the transaction.

Frequently asked questions

What is the current guideline value of Santhi Nagar?

The current guideline value of Santhi Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 110 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, which is an overall increase of 2082%.

What is the land classification of Santhi Nagar?

Santhi Nagar falls under the Residential Class I Type - I land classification.

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

The Sub Registrar Office covering Santhi Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000.