Guideline Value for Santhosh Nagar Extension 2nd cross Street

Santhosh Nagar Extension 2nd cross Street guideline value

The current guideline value for Santhosh Nagar Extension 2nd cross Street is Rs 4,290 per sq.ft, effective from 1 July 2024. This street is located in Madanandapuram village under the Kunrathur SRO, and it is classified as Mixed Type - II land.

How the guideline value of Santhosh Nagar Extension 2nd cross Street has changed

The guideline value register for Santhosh Nagar Extension 2nd cross Street has undergone several revisions over the years. However, there are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 4,290 per sq.ft.

Since the 2024 revision is the only figure available, there are no changes to report between the revisions for this street. The current rate reflects the most up-to-date valuation as per the Registration Department's guideline value register.

Guideline values in Madanandapuram

Madanandapuram has a total of 94 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median guideline value for these streets is Rs 3,520 per sq.ft, making the 2024 figure for Santhosh Nagar Extension 2nd cross Street above the median.

• Sarojini Avenue: Rs 3,300 per sq.ft (2024)
• Senthil Nagar: Rs 3,190 per sq.ft (2024)
• Shanmuga Nagar: Rs 3,190 per sq.ft (2024)
• Ranjini Nagar: Rs 3,190 per sq.ft (2024)
• Ramya Nagar Extension II: Rs 3,960 per sq.ft (2024)
• Ramya Nagar Extension: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Santhosh Nagar Extension 2nd cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,290 per sq.ft, the guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, totaling Rs 3,86,100. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santhosh Nagar Extension 2nd cross Street?

The Sub Registrar Office that covers Santhosh Nagar Extension 2nd cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Madanandapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for Santhosh Nagar Extension 2nd cross Street?

The current guideline value for Santhosh Nagar Extension 2nd cross Street is Rs 4,290 per sq.ft, effective from 1 July 2024.

Are there any previous guideline values for this street?

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Santhosh Nagar Extension 2nd cross Street.

How does the guideline value compare to other streets in Madanandapuram?

The guideline value for Santhosh Nagar Extension 2nd cross Street is above the median value of Rs 3,520 per sq.ft for the 94 streets in Madanandapuram under the Kunrathur SRO.

What is the registration fee for a property in this area?

The registration fee is calculated based on the guideline value. For example, for a property valued at Rs 42,90,000, the registration fee would be Rs 85,800 at a rate of 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 also find additional details online.