Guideline Value for Santhi Nagar

Santhi Nagar guideline value

The current guideline value of Santhi Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in the village of Mangadu -A under the Kunrathur SRO, classified as Residential Class I Type - III.

How the guideline value of Santhi Nagar has changed

In the 2017 revision, the guideline value was Rs 1,072 per sq.ft. This figure increased significantly to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a substantial increase of 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Santhi Nagar's 2024 figure below this median.

• Sakthi Nagar Ist Street: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar IInd Street: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar IIIrd Street: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar Annexe Phase I: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar Annexe: Rs 1,870 per sq.ft (2024)
• Sathiya Nagar: Rs 1,480 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi Nagar

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, bringing the total cost for these fees to Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, within the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is an essential component in the registration process of property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value is used to calculate the necessary fees, ensuring that all transactions are compliant with the regulations set forth by the Registration Department. Buyers and sellers should be aware of these values to ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Santhi Nagar?

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

How has the guideline value changed over the years?

Since the 2017 revision, 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 are the guideline values of other streets in Mangadu -A?

Other streets in Mangadu -A have guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft, with the median being Rs 1,870 per sq.ft.

What fees are associated with buying property in Santhi Nagar?

The fees associated with buying property in Santhi Nagar include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Kunrathur Sub Registrar Office covers Santhi Nagar and is located at No.59, Road Street, Kundrathur, Chennai -600 069.