Guideline Value for SANNADHI STREET

Sannadhi Street guideline value

The current guideline value of Sannadhi Street in SingaperumalKoil village is Rs 1,500 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of Sannadhi Street has changed

Over the years, the guideline value of Sannadhi Street has seen several revisions. The 2007 revision recorded a rate of Rs 250 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. The guideline value remained unchanged at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, indicating a 0% change from 2023 to 2024. Overall, from 2007 to 2024, there has been a substantial increase of 500% in the guideline value.

From 2017 to 2023, the guideline value increased by 49%. The 2012 revision maintained the same value as in 2024, while the 2017 revision saw a notable increase from the previous figure. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in SingaperumalKoil

In SingaperumalKoil village, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Sannadhi Street's 2024 figure above this median.

• Sandai Mettu Street: Rs 1,500 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 800 per sq.ft (2024)
• Rajammal Street: Rs 1,100 per sq.ft (2024)
• Rajaji Street: Rs 1,500 per sq.ft (2024)
• Railway Station Street (West Side From G.S.T.): Rs 1,500 per sq.ft (2024)
• Sri Perumbudur Road: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sannadhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty is charged at 7%, which totals Rs 1,05,000, and the registration fee is 2%, amounting to Rs 30,000. Together, the total fees would be Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Sannadhi Street?

The Sannadhi Street is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a critical factor when buying or selling property in SingaperumalKoil. It serves as the base for calculating stamp duty and registration fees, which are mandatory during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

Additionally, the guideline value helps in determining the minimum price at which a property can be sold or bought to avoid any legal complications. It is essential for both parties to refer to the latest guideline values to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Sannadhi Street?

The current guideline value of Sannadhi Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and remained unchanged at Rs 1,500 per sq.ft in 2023 and 2024.

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

Other streets in SingaperumalKoil include Sandai Mettu Street and Rajaji Street, both at Rs 1,500 per sq.ft, Rajammal Street at Rs 1,100 per sq.ft, Rajiv Gandhi Street at Rs 800 per sq.ft, and Railway Station Street (West Side From G.S.T.) also at Rs 1,500 per sq.ft.

What are the stamp duty and registration fees for a property in Sannadhi Street?

For a property valued at Rs 15,00,000, the stamp duty is Rs 1,05,000 and the registration fee is Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Sannadhi Street?

The Chengleput Joint II Sub Registrar Office covers Sannadhi Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.