Guideline Value for North Sannathi Street

North Sannathi Street guideline value

The current guideline value of North Sannathi Street is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, which falls under the Thirukazhukundram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of North Sannathi Street has changed

In the 2017 revision, the guideline value was Rs 603 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 900 per sq.ft. The 2024 revision has kept the guideline value at Rs 900 per sq.ft, reflecting a 0% change from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. The consistent figure of Rs 900 per sq.ft in both the 2023 and 2024 revisions indicates stability in the valuation for North Sannathi Street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, positioning North Sannathi Street's 2024 figure above this median.

• North Street Mangalam: Rs 600 per sq.ft (2024)
• North Mada Veethi Cross Street: Rs 800 per sq.ft (2024)
• North Mada Veethi: Rs 1,005 per sq.ft (2024)
• North Kulam Street: Rs 400 per sq.ft (2024)
• Osooramman Koil Street: Rs 400 per sq.ft (2024)
• Padasalai Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in North Sannathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total costs together to Rs 81,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers North Sannathi Street?

The Sub Registrar Office that covers North Sannathi Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Thirukalukundrem A. 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, preventing undervaluation. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of North Sannathi Street?

The current guideline value of North Sannathi Street is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value increased by 49%. The value remained unchanged at Rs 900 per sq.ft from 2023 to 2024.

What is the land classification for North Sannathi Street?

North Sannathi Street is classified as Residential Class II Type - I according to the local land classification regulations.

What are the registration fees for property on North Sannathi Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for North Sannathi Street?

The Thirukazhukundram Sub Registrar Office is responsible for handling registrations for North Sannathi Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.