Guideline Value for Santhi street(Corner Plots)

Santhi street(Corner Plots) guideline value

The current guideline value of Santhi street(Corner Plots) is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Satthankadu village under the Thiruvottiyur SRO, classified as Commercial Special Type - I.

How the guideline value of Santhi street(Corner Plots) has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 1,100 per sq.ft, which increased dramatically to Rs 3,500 per sq.ft in 2012, marking a rise of 218%. However, it then decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The value rebounded to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,800 per sq.ft after a 9% increase in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 245%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Satthankadu

In Satthankadu, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,400 per sq.ft. Santhi street(Corner Plots) is above this median with its current value of Rs 3,800 per sq.ft.

• Sannathi Street Kaladipet: Rs 3,800 per sq.ft (2024)
• Sathangadu High Road: Rs 3,800 per sq.ft (2024)
• Sathangadu High Road (Corner Plots): Rs 3,800 per sq.ft (2024)
• Sathuma Nagar(Othavadai): Rs 3,400 per sq.ft (2024)
• Seshachala Gramani Street: Rs 3,400 per sq.ft (2024)
• Rajiv Nagar: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Santhi street(Corner Plots)

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. 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 street(Corner Plots)?

The Sub Registrar Office that covers Santhi street(Corner Plots) is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Satthankadu. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Santhi street(Corner Plots)?

The current guideline value of Santhi street(Corner Plots) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,100 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 245%.

What is the land classification of Santhi street(Corner Plots)?

Santhi street(Corner Plots) is classified as Commercial Special Type - I.

Where can I find the Sub Registrar Office for Santhi street(Corner Plots)?

The Sub Registrar Office for Santhi street(Corner Plots) is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Santhi street(Corner Plots)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at 7%.