Guideline Value for Santhosh Avenue

Santhosh Avenue guideline value

The current guideline value of Santhosh Avenue is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, and it is classified as Residential Special Type - I.

How the guideline value of Santhosh Avenue has changed

In the 2017 revision, the guideline value was Rs 938 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase of 10%, bringing the value to Rs 1,540 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The changes reflect the evolving landscape of property values in the area, with the current rate aligning with the median guideline value for Kunrathour-B.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the guideline value of Santhosh Avenue.

• Santhosh Avenue Annexe: Rs 1,430 per sq.ft (2024)
• Saranya Nagar: Rs 1,210 per sq.ft (2024)
• Saraswathi Garden: Rs 1,430 per sq.ft (2024)
• Sanduveliyamman Koil Street: Rs 1,540 per sq.ft (2024)
• Sanduveliamman Koil 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Sanduveliamman Koil 1st Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Santhosh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, while the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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 Santhosh Avenue?

The Santhosh Avenue falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in the registration process of property transactions in Kunrathour-B. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. 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 Santhosh Avenue?

The current guideline value of Santhosh Avenue is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, representing an overall increase of 64%.

What are the other streets in Kunrathour-B with their guideline values?

Other streets in Kunrathour-B include Santhosh Avenue Annexe at Rs 1,430 per sq.ft, Saranya Nagar at Rs 1,210 per sq.ft, and several others at Rs 1,540 per sq.ft.

What is the registration fee for property transactions?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 15,40,000 would incur a registration fee of Rs 30,800 at 2%.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can visit this office for any registration-related queries.