Guideline Value for Santhiamman Kovil Street

Santhiamman Kovil Street guideline value

The current guideline value of Santhiamman Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Siru Mangadu village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Santhiamman Kovil Street has changed

The guideline value for Santhiamman Kovil Street has seen several revisions over the years. In 2012, the value was set at Rs 100 per sq.ft, which remained unchanged in the subsequent revision in 2017, where it was Rs 67 per sq.ft. The 2023 revision also maintained the value at Rs 100 per sq.ft, and this value has been carried forward into the 2024 revision, reflecting no change from the previous year. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, while from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Siru Mangadu

Siru Mangadu village has nine streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 528 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Santhiamman Kovil Street below this median.

• Periya Street: Rs 150 per sq.ft (2024)
• Nadu Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)
• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Kanniamman Kovil Street: Rs 200 per sq.ft (2024)
• Jemi Sirumangadu New Town: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Santhiamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total charges Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santhiamman Kovil Street?

The Sub Registrar Office that covers Santhiamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Siru Mangadu, as it determines the stamp duty and registration fees applicable. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a reference point for the transaction. The stamp duty is calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Santhiamman Kovil Street?

The current guideline value of Santhiamman Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since 2012, with fluctuations in the years 2017 and 2023 before stabilizing again in 2024.

What are the stamp duty and registration fees for property in Santhiamman Kovil Street?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which Sub Registrar Office covers Santhiamman Kovil Street?

The Sunguvarchattram Sub Registrar Office covers Santhiamman Kovil Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What is the land classification for Santhiamman Kovil Street?

The land classification for Santhiamman Kovil Street is Residential Class III Type - I.