Guideline Value

Corporate

Guideline Value for Santhosh Nagar

₹226/sq.ft.

The guideline value for Santhosh Nagar in Kaval Kazhani village (Sunguvarchattram SRO, Chengalpattu zone) is Rs 226 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kaval Kazhani

Village

Sunguvarchattram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹226 /sq.ft.
From 1-4-2023 ₹226 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹151 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹225 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹65 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Vadivamal Nagar Kandigai Road Caparo Company Opp,sunguvarchatram
044_29592196
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Santhosh Nagar

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Santhosh Nagar guideline value

The current guideline value of Santhosh Nagar, located in Kaval Kazhani village under the Sunguvarchattram SRO, is Rs 226 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Santhosh Nagar has changed

Over the years, the guideline value for Santhosh Nagar has seen several revisions. The 2007 revision set the value at Rs 65 per sq.ft, which increased to Rs 225 per sq.ft in 2012. However, this figure slightly decreased to Rs 151 per sq.ft in the 2017 revision. The value remained unchanged at Rs 226 per sq.ft in the 2023 revision and continues to be Rs 226 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

From 2007 to 2012, there was a significant increase of 246%. The value then decreased by 33% from 2012 to 2017. Following this, the guideline value saw a 50% increase from 2017 to 2023, but there has been no change from 2023 to 2024.

Guideline values in Kaval Kazhani

In Kaval Kazhani, there are 20 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 226 to Rs 1,550 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Santhosh Nagar is below this median.

Stamp duty and registration fee for property in Santhosh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value amounts to Rs 2,26,000. The stamp duty, charged at 7%, would be Rs 15,820, while the registration fee at 2% would be Rs 4,520. Therefore, the total cost for stamp duty and registration fees would be Rs 20,340. 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 Nagar?

The Sub Registrar Office that covers Santhosh Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Kaval Kazhani. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

During registration, the buyer must pay stamp duty based on the higher of the guideline value or the actual sale price of the property. This means that if the sale price exceeds the guideline value, the stamp duty will be calculated on that higher amount.

Frequently asked questions

What is the current guideline value of Santhosh Nagar?

The current guideline value of Santhosh Nagar is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Santhosh Nagar has changed from Rs 65 per sq.ft in 2007 to Rs 226 per sq.ft in 2024, with several revisions in between. Notably, there was a significant increase of 246% from 2007 to 2012, followed by a decrease and then a stabilization at Rs 226 per sq.ft since 2023.

What other streets in Kaval Kazhani have the same guideline value?

Other streets in Kaval Kazhani that share the same guideline value of Rs 226 per sq.ft for 2024 include SBI Staff colony, R.S Avenue, and Ramasubbu Nagar.

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

For a plot of 1,000 sq.ft at the guideline value of Rs 226 per sq.ft, the total guideline value is Rs 2,26,000. The stamp duty at 7% is Rs 15,820, and the registration fee at 2% is Rs 4,520, totaling Rs 20,340.

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

The Sub Registrar Office for Santhosh Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.