Guideline Value for Santhi Street

Santhi Street guideline value

The current guideline value of Santhi Street in Menambedu village under the Ambattur SRO is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Santhi Street has changed

Looking at the historical revisions, the guideline value for Santhi Street was Rs 1,000 per sq.ft in 2012 and remained unchanged in the 2023 revision. The 2017 revision recorded a value of Rs 670 per sq.ft, indicating a 33% decrease from the 2012 figure. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 maintained this value, showing no change from the previous year.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value for Santhi Street is slightly below this median.

• Sangampalli Street: Rs 1,001 per sq.ft (2024)
• Sasthiri Street: Rs 1,300 per sq.ft (2024)
• Sathia Narayana Street (7th Ward): Rs 1,700 per sq.ft (2024)
• SathyaNarayana Rao Street (6th Ward): Rs 1,700 per sq.ft (2024)
• School Street: Rs 1,700 per sq.ft (2024)
• Sabari Nagar(Sabari Iyappan nagar): Rs 1,003 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

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. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the authorities will assess the guideline value to calculate the applicable charges. This ensures that the transaction is recorded at a value recognized by the government, providing transparency in property dealings.

Frequently asked questions

What is the current guideline value of Santhi Street?

The current guideline value of Santhi Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Santhi Street has seen several revisions, with the most recent being Rs 1,000 per sq.ft in 2024, unchanged from 2023. The value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 in 2023, marking a significant rise.

What are the other streets in Menambedu with their guideline values?

Other streets in Menambedu include Sangampalli Street at Rs 1,001 per sq.ft, Sasthiri Street at Rs 1,300 per sq.ft, and Sathia Narayana Street (7th Ward) at Rs 1,700 per sq.ft, among others.

How is stamp duty calculated for properties in Santhi Street?

Stamp duty for properties in Santhi Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft, the total guideline value would be Rs 10,00,000, leading to a stamp duty of Rs 70,000.

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

The Sub Registrar Office for Santhi Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find more details by visiting the relevant link.