Guideline Value for Santhosh Nagar

Santhosh Nagar guideline value

The current guideline value of Santhosh Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Santhosh Nagar has changed

The guideline value for Santhosh Nagar has undergone several revisions in recent years. The 2017 revision set the value at Rs 804 per sq.ft, which remained unchanged in the 2023 revision. The 2024 revision has brought the current guideline value to Rs 1,200 per sq.ft, reflecting a 49% increase from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the guideline value has seen no change from 2023 to 2024, maintaining the rate at Rs 1,200 per sq.ft.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Santhosh Nagar's 2024 figure above the median.

• Santhi Avenue: Rs 800 per sq.ft (2024)
• Sarala Nagar: Rs 700 per sq.ft (2024)
• Saralavathi Garden: Rs 1,000 per sq.ft (2024)
• Saralavathi Nagar: Rs 700 per sq.ft (2024)
• Sannathi Street: Rs 700 per sq.ft (2024)
• Sarojini Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Santhosh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Santhosh Nagar?

The Sub Registrar Office covering Santhosh Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

When a property is sold, the guideline value is used to determine the applicable fees, ensuring that both buyers and sellers are aware of their financial obligations during the registration process. This helps maintain transparency and compliance with local property laws.

Frequently asked questions

What is the current guideline value of Santhosh Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024, marking a 49% rise. There has been no change from the 2023 figure, which also stands at Rs 1,200 per sq.ft.

What is the median guideline value in Sriperumbudur A?

The median guideline value in Sriperumbudur A is Rs 700 per sq.ft. Santhosh Nagar's 2024 guideline value is above this median.

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

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Santhosh Nagar located?

The Sub Registrar Office for Santhosh Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.