Guideline Value for SANDHIKKARAI STREET

Sandhikkarai Street guideline value

The current guideline value of Sandhikkarai Street in Mathuranthagam village is Rs 1,110 per sq.ft, effective from 1 July 2024. This street falls under the Madurandakam SRO and is classified as Residential Special Type - I.

How the guideline value of Sandhikkarai Street has changed

The guideline value for Sandhikkarai Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, this figure decreased to Rs 670 per sq.ft in 2017. The 2023 revision saw a rise to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 1,110 per sq.ft. The register has no figures for the years 2002 and 2003.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 300%, but it decreased by 33% from 2012 to 2017. A significant rise of 49% occurred from 2017 to 2023, and the most recent revision from 2023 to 2024 reflects an increase of 11%. Overall, from 2007 to 2024, the guideline value has increased by 344%.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Sandhikkarai Street's 2024 figure above this median.

• Santhai Street: Rs 1,100 per sq.ft (2024)
• Sathanoor Kalakkapudur: Rs 660 per sq.ft (2024)
• Sathanoor Mariamman Koil Street: Rs 660 per sq.ft (2024)
• Sathanoor New Street: Rs 660 per sq.ft (2024)
• Sathanoor Old Street: Rs 660 per sq.ft (2024)
• Sdk Avenue Phase- I: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sandhikkarai Street

For a 1,000 sq.ft plot at the current rate of Rs 1,110 per sq.ft, the guideline value totals Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, making the total fees Rs 99,900. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sandhikkarai Street?

The Sub Registrar Office that covers Sandhikkarai Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Mathuranthagam, the guideline value is an important factor that determines the stamp duty and registration fees applicable to the transaction. It serves as a reference point for both buyers and sellers to assess the value of the property being transacted.

At the time of registration, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory payments that need to be settled before the property can be officially transferred. It is essential to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sandhikkarai Street?

The current guideline value of Sandhikkarai Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent increase of 11% from Rs 1,000 per sq.ft in 2023 to Rs 1,110 per sq.ft in 2024. Overall, from 2007 to 2024, the value has increased by 344%.

What is the land classification of Sandhikkarai Street?

Sandhikkarai Street is classified as Residential Special Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Sandhikkarai Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sandhikkarai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 11,10,000, the stamp duty at 7% would amount to Rs 77,700.