Guideline Value for SANDIYA STREET

Sandiya Street guideline value

The current guideline value of Sandiya Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Class III Type - III.

How the guideline value of Sandiya Street has changed

The guideline value for Sandiya Street has seen several revisions over the years. In the 2017 revision, the value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 440 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, Sandiya Street's guideline value has increased by 64%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for the area is Rs 770 per sq.ft, placing Sandiya Street's 2024 guideline value below this median.

• Sambangi Nagar & Streets: Rs 870 per sq.ft (2024)
• Sakthivel Nagar & Streets: Rs 770 per sq.ft (2024)
• Saraswathi Nagar & Streets & Extn: Rs 770 per sq.ft (2024)
• Sarathi Nagar: Rs 770 per sq.ft (2024)
• Sastaa Nagar: Rs 770 per sq.ft (2024)
• Sastha Nagar Annexe - I: Rs 768 per sq.ft (2024)

Stamp duty and registration fee for property in Sandiya Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total cost for these fees Rs 39,600. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Sandiya Street?

The Sub Registrar Office that covers Sandiya Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Thiruninravur-B. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. This value is set by the government and is periodically revised to reflect changes in the real estate market.

When a property is registered, the guideline value is considered to ensure that the transaction is taxed appropriately. Buyers and sellers should be aware of the current guideline value to accurately calculate their costs and obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sandiya Street?

The current guideline value of Sandiya Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Sandiya Street?

Sandiya Street is classified as Residential Class III Type - III, indicating its use for residential purposes.

How does the guideline value affect property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It is essential for both buyers and sellers to be aware of this value to ensure accurate financial planning.

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

The Sub Registrar Office covering Sandiya Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.