Guideline Value for Santhosh Boora Nagar

Santhosh Boora Nagar guideline value

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

How the guideline value of Santhosh Boora Nagar has changed

Since the 2007 revision, the guideline value has seen a consistent increase. The 2007 revision set the value at Rs 400 per sq.ft, which rose to Rs 800 per sq.ft in the 2012 revision, marking a 100% increase. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a drop of 33%. The value then increased significantly to Rs 800 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision.

From the 2017 revision to 2023, the guideline value increased by 49%. The values for the years 2002 and 2003 are not available in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 100%.

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 stands at Rs 802 per sq.ft, placing Santhosh Boora Nagar's 2024 figure below this median.

• Santhosh Boora Nagar Extn: 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

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Santhosh Boora Nagar?

Santhosh Boora Nagar falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO online for more information.

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

The guideline value is a critical factor in determining the registration charges when buying or selling property in Karanaipuducheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the fair value of the property being transferred.

Frequently asked questions

What is the current guideline value of Santhosh Boora Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 400 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreasing to Rs 536 per sq.ft in 2017, and returning to Rs 800 per sq.ft in 2023 and 2024.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 8,00,000. The stamp duty is Rs 56,000, and the registration fee is Rs 16,000, totaling Rs 72,000.

Which Sub Registrar Office serves Santhosh Boora Nagar?

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

What is the median guideline value in Karanaipuducheri?

The median guideline value in Karanaipuducheri is Rs 802 per sq.ft, with Santhosh Boora Nagar's current guideline value being below this median.