Guideline Value for Santhi Nagar

Santhi Nagar guideline value

The current guideline value of Santhi Nagar, located in Santhanavenugopalapuram village under the Ramakrishna Rajupettai SRO, is Rs 150 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Santhi Nagar has changed

In the 2024 revision, the guideline value for Santhi Nagar is Rs 150 per sq.ft. The previous revision in 2023 also listed the guideline value at Rs 150 per sq.ft. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at +0%. This consistency in the guideline value indicates stability in the valuation for this specific area.

Guideline values in Santhanavenugopalapuram

In Santhanavenugopalapuram, there are five streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 175 per sq.ft. The median guideline value for these streets is Rs 175 per sq.ft, placing Santhi Nagar below this median.

• Ashok Nagar Phase - 1: Rs 175 per sq.ft (2024)
• Ashok Nagar Phase - 2: Rs 175 per sq.ft (2024)
• Ashok Nagar Phase - 3: Rs 175 per sq.ft (2024)
• Ashok Nagar Phase 4: Rs 175 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It is important to note that the 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 Santhi Nagar area is covered by the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a significant role in property transactions in Santhanavenugopalapuram. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in this area.

When a property is registered, the guideline value is taken into account to ensure that the appropriate fees are calculated based on the higher of the guideline value or the sale price. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Santhi Nagar?

The current guideline value of Santhi Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Santhi Nagar has remained at Rs 150 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Santhanavenugopalapuram?

The median guideline value for the streets in Santhanavenugopalapuram is Rs 175 per sq.ft, with Santhi Nagar's value being below this median.

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

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 13,500.

Which office handles registrations for Santhi Nagar?

The Ramakrishna Rajupettai Sub Registrar Office handles registrations for Santhi Nagar, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.