Guideline Value for Santhosapuram Nagar Part - II

Santhosapuram Nagar Part - II guideline value

The current guideline value of Santhosapuram Nagar Part - II is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Pillaippakkam-A village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Santhosapuram Nagar Part - II has changed

The guideline value for Santhosapuram Nagar Part - II has remained constant at Rs 500 per sq.ft from the 2023 revision to the 2024 revision, showing a change of +0%. The previous revision in 2017 set the value at Rs 335 per sq.ft, marking a significant increase of +49% over the six-year period leading up to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The guideline value has thus increased by +49% overall from the 2017 revision to the current 2024 revision.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Santhosapuram Nagar Part - II above this median.

• Santhosapuram Nagar Part - I: Rs 500 per sq.ft (2024)
• Santhoshpuram Nagar Part II: Rs 500 per sq.ft (2024)
• Samsu Nagar: Rs 200 per sq.ft (2024)
• Sampooranam Nagar: Rs 300 per sq.ft (2024)
• R.R.Avenue: Rs 700 per sq.ft (2024)
• Siriya Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Santhosapuram Nagar Part - II

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total charges to Rs 45,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Santhosapuram Nagar Part - II?

The Sub Registrar Office covering Santhosapuram Nagar Part - II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value plays a crucial role in the registration process of property transactions in Pillaippakkam-A. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property registration.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Santhosapuram Nagar Part - II?

The current guideline value of Santhosapuram Nagar Part - II is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased by +49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2024. There has been no change from 2023 to 2024.

What are the other streets in Pillaippakkam-A?

Other streets in Pillaippakkam-A include Santhosapuram Nagar Part - I, Samsu Nagar, Sampooranam Nagar, R.R.Avenue, and Siriya Street, each with their respective guideline values for 2024.

How is stamp duty calculated for properties in Santhosapuram Nagar Part - II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000.

Where can I find the Sub Registrar Office for Santhosapuram Nagar Part - II?

The Sub Registrar Office for Santhosapuram Nagar Part - II is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.