Guideline Value for Santhi Street

Santhi Street guideline value

The current guideline value of Santhi Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Santhi Street has changed

The guideline value of Santhi Street has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 3,300 per sq.ft. In 2017, the value decreased to Rs 2,211 per sq.ft, followed by an increase to Rs 3,300 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 3,600 per sq.ft, marking a 9% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the guideline value rose significantly by 49%. Overall, comparing 2012 to 2024, there has been a 9% increase in the guideline value. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, which is equal to the current guideline value of Santhi Street.

• Sarangapani Street: Rs 4,600 per sq.ft (2024)
• Sanmugam Mudali Street: Rs 4,000 per sq.ft (2024)
• Saraswathi Pandurangan Street: Rs 4,600 per sq.ft (2024)
• Sangam Street: Rs 4,600 per sq.ft (2024)
• Samtharia Nagar: Rs 3,600 per sq.ft (2024)
• Samayapurathamman Koil 1st Street (Thiruvalluvar Nagar): Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees to Rs 3,24,000. It's important to note that 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 information.

Which Sub Registrar Office covers Santhi Street?

The Sub Registrar Office that covers Santhi Street is 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be sold or bought, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Santhi Street?

The current guideline value of Santhi Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then back to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What is the land classification of Santhi Street?

Santhi Street is classified as Residential Class I Type - I.

Where can I find the Ambattur Sub Registrar Office?

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

How is stamp duty calculated for properties in Santhi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000, leading to a stamp duty of Rs 2,52,000.