Guideline Value for Santhosh Boora Nagar Extn

Santhosh Boora Nagar Extn guideline value

The current guideline value of Santhosh Boora Nagar Extn is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Santhosh Boora Nagar Extn has changed

The guideline value for Santhosh Boora Nagar Extn has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a 100% rise. However, it dropped to Rs 536 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 800 per sq.ft, and the current revision for 2024 continues this figure, showing no change from the previous year.

In summary, from 2017 to 2023, the value increased by 49%. The overall change from the 2007 revision to the 2024 revision is a 100% increase. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median value is Rs 802 per sq.ft, making the guideline value of Santhosh Boora Nagar Extn below this median.

• Santhosh Boora Nagar: Rs 800 per sq.ft (2024)
• Sakthi Vinayagar Nagar: Rs 1,000 per sq.ft (2024)
• Sathya Sai Nagar-I: Rs 800 per sq.ft (2024)
• Sairam Nagar Extension - II: Rs 1,500 per sq.ft (2024)
• Sai Ram Nagar Extension-I: Rs 700 per sq.ft (2024)
• Sairam Nagar: Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Santhosh Boora Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000. Together, the total cost for these fees would be Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Santhosh Boora Nagar Extn?

The Sub Registrar Office that covers Santhosh Boora Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Santhosh Boora Nagar Extn?

The current guideline value of Santhosh Boora Nagar Extn is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017. It has remained at Rs 800 per sq.ft in both the 2023 and 2024 revisions.

What are the stamp duty and registration fees for a property in Santhosh Boora Nagar Extn?

For a property with a guideline value of Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which Sub Registrar Office covers Santhosh Boora Nagar Extn?

The Gooduvancheri Sub Registrar Office covers Santhosh Boora Nagar Extn, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification for Santhosh Boora Nagar Extn?

The land classification for Santhosh Boora Nagar Extn is Residential Class I Type - II.