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Guideline Value

Corporate

Guideline Value for Santhosh nagar 1st Street(Santhosh Nagar)

₹1100/sq.ft.

The guideline value for Santhosh Nagar 1st Street(santhosh Nagar) in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Santhosh Nagar 1st Street(santhosh Nagar)

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Santhosh nagar 1st Street(Santhosh Nagar) guideline value

The current guideline value of Santhosh nagar 1st Street(Santhosh Nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Santhosh nagar 1st Street(Santhosh Nagar) has changed

The guideline value for Santhosh nagar 1st Street has seen several revisions over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, there was a decrease to Rs 670 per sq.ft in the 2017 revision. The 2023 revision marked an increase to Rs 1,000 per sq.ft, followed by the current guideline value of Rs 1,100 per sq.ft in 2024. Notably, there are no figures available for this street in the 2002 and 2003 revisions.

From 2007 to 2024, the overall change in guideline value is +175%. The most significant change occurred between the 2007 and 2012 revisions, where the value increased by 150%. The 2017 to 2023 revision saw an increase of 49%, and the latest revision from 2023 to 2024 reflects a 10% increase.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Santhosh nagar 1st Street is below this median.

Stamp duty and registration fee for property in Santhosh nagar 1st Street(Santhosh Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Santhosh nagar 1st Street(Santhosh Nagar)?

The Sub Registrar Office that covers Santhosh nagar 1st Street 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 online.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Ayappakkam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official assessment of the property's worth.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for property transactions, helping to maintain transparency and fairness in the market.

Frequently asked questions

What is the current guideline value of Santhosh nagar 1st Street?

The current guideline value of Santhosh nagar 1st Street(Santhosh Nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for Santhosh nagar 1st Street?

Santhosh nagar 1st Street falls under the Residential Class I Type - II land classification.

Where can I find the Sub Registrar Office for Santhosh nagar 1st Street?

The Sub Registrar Office for Santhosh nagar 1st Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Santhosh nagar 1st Street?

Stamp duty for properties in Santhosh nagar 1st Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total stamp duty would be Rs 77,000.