Guideline Value for SANAKRAN THOTTAM

Sanakran Thottam guideline value

The current guideline value of Sanakran Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sanakran Thottam has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This value decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, which is a 13% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Sanakran Thottam. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, which is the same as the current value for Sanakran Thottam.

• Samuthra Dwaraga Salai: Rs 3,900 per sq.ft (2024)
• Samuthra Devar Road: Rs 1,700 per sq.ft (2024)
• Sangothaiamman Koil East Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil North Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil South Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sanakran Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Together, the total cost for these charges would be Rs 1,53,000. 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 information.

Which Sub Registrar Office covers Sanakran Thottam?

The Sub Registrar Office covering Sanakran Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Uthandi, as it determines the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements and to accurately calculate the costs associated with the transaction.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction's value. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the sale process.

Frequently asked questions

What is the current guideline value of Sanakran Thottam?

The current guideline value of Sanakran Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Sanakran Thottam?

Sanakran Thottam is classified as Residential Class II Type - II.

What are the other streets in Uthandi with their guideline values?

Other streets in Uthandi include Samuthra Dwaraga Salai at Rs 3,900 per sq.ft, Samuthra Devar Road at Rs 1,700 per sq.ft, and several streets associated with Sangothaiamman Koil at Rs 2,200 per sq.ft.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.