Guideline Value for Santhosh Nagar Extn

Santhosh Nagar Extn guideline value

The current guideline value for Santhosh Nagar Extn, located in Puthagaram village under the Ambattur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the land classification of Residential Special Type - III.

How the guideline value of Santhosh Nagar Extn has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 1,474 per sq.ft, marking a decrease of 33%. By the 2023 revision, the guideline value returned to Rs 2,200 per sq.ft, showing a significant increase of 49% from 2017. The 2024 revision also maintains the guideline value at Rs 2,200 per sq.ft, reflecting no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024.

Guideline values in Puthagaram

Puthagaram village has a range of guideline values across its 140 streets under the Ambattur SRO, with values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value in this area is Rs 1,900 per sq.ft, placing the Santhosh Nagar Extn guideline value above this median.

• Santhosh Nagar: Rs 2,200 per sq.ft (2024)
• Saraswathi Nagar: Rs 3,500 per sq.ft (2024)
• Saraswathi Nagar Annexe & Ext: Rs 3,500 per sq.ft (2024)
• Sarathy Nagar: Rs 2,200 per sq.ft (2024)
• Sarathy Nagar Extention: Rs 2,200 per sq.ft (2024)
• Sathyamoorthy Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Santhosh Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees Rs 1,98,000. 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 detailed calculations.

Which Sub Registrar Office covers Santhosh Nagar Extn?

The Sub Registrar Office that covers Santhosh Nagar Extn is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Santhosh Nagar Extn?

The current guideline value for Santhosh Nagar Extn is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with Rs 2,200 per sq.ft in 2012, a decrease to Rs 1,474 per sq.ft in 2017, and then returning to Rs 2,200 per sq.ft in both 2023 and 2024.

What are the other streets in Puthagaram with their guideline values?

Other streets in Puthagaram include Santhosh Nagar at Rs 2,200 per sq.ft, Saraswathi Nagar and Saraswathi Nagar Annexe & Ext at Rs 3,500 per sq.ft, and Sarathy Nagar at Rs 2,200 per sq.ft, among others.

What fees are associated with buying property in Santhosh Nagar Extn?

When buying property in Santhosh Nagar Extn, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 22,00,000, the total fees would be Rs 1,98,000.

Where can I find the Sub Registrar Office for Santhosh Nagar Extn?

The Sub Registrar Office for Santhosh Nagar Extn is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.