Guideline Value for WEST STREET SANTHU

West Street Santhu guideline value

The current guideline value of West Street Santhu is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Pudupet village, under the Pallipattu SRO, and is classified as Residential Class II Type - I.

How the guideline value of West Street Santhu has changed

The guideline value for West Street Santhu has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 250 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 167 per sq.ft. The register has no figures for the revisions in 2012, 2007, 2003, and 2002.

Between the 2017 and 2023 revisions, there was a significant increase of 50%. Overall, from 2017 to 2024, the guideline value has increased by 50% as well, reflecting the changes in the valuation process.

Guideline values in Pudupet

Pudupet village has a total of 42 streets under the Pallipattu SRO, with guideline values ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value in this area is Rs 350 per sq.ft, indicating that the 2024 figure for West Street Santhu is below this median.

• West Street: Rs 600 per sq.ft (2024)
• Vaniyar Street: Rs 500 per sq.ft (2024)
• Theridistreet Santhu: Rs 300 per sq.ft (2024)
• Thalapathi Sivaraj Street: Rs 102 per sq.ft (2024)
• Subramaniya Nagar: Rs 600 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in West Street Santhu

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers West Street Santhu?

The Sub Registrar Office that covers West Street Santhu is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pudupet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government collects the appropriate fees based on the property's value as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of West Street Santhu?

The current guideline value of West Street Santhu is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2024, reflecting a 50% increase overall. The value remained the same between 2023 and 2024.

What is the land classification for West Street Santhu?

West Street Santhu is classified as Residential Class II Type - I under the guideline value register.

What are the stamp duty and registration fees for property in West Street Santhu?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles registrations for West Street Santhu?

The Pallipattu Sub Registrar Office is responsible for handling registrations for West Street Santhu, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.