Guideline Value for Santhu Street

Santhu Street guideline value

The current guideline value of Santhu Street in Mevaloorkuppam B village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Santhu Street has changed

In the 2023 revision, the guideline value for Santhu Street was Rs 300 per sq.ft, which remained unchanged in the 2024 revision. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

Thus, the guideline value has not changed from 2023 to 2024, showing a change of +0%. The consistent value of Rs 300 per sq.ft indicates stability in the guideline value for this street over the last two revisions.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Santhu Street's 2024 figure below that median.

• Santhi Nagar: Rs 300 per sq.ft (2024)
• Saraswathy Nagar: Rs 300 per sq.ft (2024)
• Selliyamman Koil Street: Rs 100 per sq.ft (2024)
• S&P The Crest: Rs 1,320 per sq.ft (2024)
• Sree Sayee Nagar: Rs 1,320 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Santhu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making a total of Rs 27,000. 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 on fees applicable to your property transaction.

Which Sub Registrar Office covers Santhu Street?

The Sub Registrar Office that covers Santhu Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mevaloorkuppam B, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that transactions are recorded accurately and transparently.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value. This ensures that both buyers and sellers are aware of the financial implications of their transactions, as these fees can significantly impact the overall cost of property transfer.

Frequently asked questions

What is the current guideline value of Santhu Street?

The current guideline value of Santhu Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value of Santhu Street changed over the years?

The guideline value for Santhu Street has remained unchanged at Rs 300 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for this street for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Santhu Street?

Santhu Street is classified as Residential Class III Type - I under the current guidelines.

What are the stamp duty and registration fees for properties on Santhu Street?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Santhu Street?

The Sub Registrar Office for Santhu Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the appropriate link.