Guideline Value for SANDU STREET

Sandu Street guideline value

The current guideline value of Sandu Street is Rs 1,099 per sq.ft. This street is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sandu Street has changed

The guideline value for Sandu Street has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 670 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,099 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2024, the overall change in the guideline value for Sandu Street is an increase of 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Sandu Street's 2024 figure above this median.

• Sannadhi Street: Rs 1,100 per sq.ft (2024)
• Saibaba Nagar: Rs 550 per sq.ft (2024)
• R I Nagar: Rs 825 per sq.ft (2024)
• Reddykulam Street: Rs 1,099 per sq.ft (2024)
• Sekarvarma Nagar: Rs 825 per sq.ft (2024)
• Semgiunthar Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Sandu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value would be Rs 10,99,000. The stamp duty at 7% would amount to Rs 76,930, while the registration fee at 2% would be Rs 21,980, totaling Rs 98,910. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sandu Street?

The Sub Registrar Office that covers Sandu Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures that the registration process is conducted fairly and transparently, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sandu Street?

The current guideline value of Sandu Street is Rs 1,099 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,099 per sq.ft in 2024, showing an overall increase of 64%.

What are the stamp duty rates for property in Sandu Street?

The stamp duty for property in Sandu Street is 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the stamp duty would be Rs 76,930.

Where is the Thiruttani Sub Registrar Office located?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the median guideline value for streets in Tiruttani?

The median guideline value for streets in Tiruttani is Rs 825 per sq.ft, with Sandu Street's 2024 figure of Rs 1,099 per sq.ft being above this median.