Guideline Value for Santhosh Nagar

Santhosh Nagar guideline value

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

How the guideline value of Santhosh Nagar has changed

Over the years, the guideline value of Santhosh Nagar has seen various revisions. The 2012 revision set the guideline value at Rs 2,200 per sq.ft, which remained unchanged until the 2023 revision, where it was also Rs 2,200 per sq.ft. The 2017 revision marked a significant increase to Rs 1,474 per sq.ft, reflecting a 49% rise from the previous revision. However, the revisions for the years 2002, 2003, and 2007 have no figures available for this street.

From 2012 to 2017, the guideline value decreased by 33%, but overall from 2012 to 2024, there has been no change, maintaining the value at Rs 2,200 per sq.ft. The most recent revision in 2024 shows a consistent guideline value with the previous year, indicating stability in the pricing for this area.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for the area is Rs 1,900 per sq.ft, placing Santhosh Nagar's 2024 figure above this median.

• Santhosh Nagar Extn: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total cost to 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 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 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 plays a crucial role in the registration process of property transactions in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, as it is used to calculate the applicable fees. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Santhosh Nagar?

The current guideline value of Santhosh Nagar 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 revisions, with the most recent being Rs 2,200 per sq.ft in both 2023 and 2024. The value was Rs 1,474 per sq.ft in 2017 and Rs 2,200 per sq.ft in 2012.

What is the land classification for Santhosh Nagar?

Santhosh Nagar is classified as Residential Special Type - III, indicating its designation for residential purposes within the area.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 1,98,000, including both fees.

Which office handles property registration for Santhosh Nagar?

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