Guideline Value for SANNADHI STREET

Sannadhi Street guideline value

The current guideline value of Sannadhi Street in Tiruttani village, under the Thiruttani SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Commercial Class I Type - I land classification.

How the guideline value of Sannadhi Street has changed

In the 2017 revision, the guideline value for Sannadhi Street was Rs 670 per sq.ft. This figure increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value increase further to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2012.

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, with the median being Rs 825 per sq.ft. The guideline value for Sannadhi Street is above this median, indicating a higher valuation compared to many other streets in the area.

• Sandu Street: Rs 1,099 per sq.ft (2024)
• Saibaba Nagar: Rs 550 per sq.ft (2024)
• Sekarvarma Nagar: Rs 825 per sq.ft (2024)
• R I Nagar: Rs 825 per sq.ft (2024)
• Semgiunthar Nagar: Rs 825 per sq.ft (2024)
• Reddykulam Street: Rs 1,099 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sannadhi Street?

The Sannadhi Street is covered by the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Tiruttani. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When you buy or sell a property, the guideline value will influence the overall costs involved in the transaction. The registration process requires that the property be valued at either the guideline value or the sale price, whichever is higher, ensuring compliance with legal and financial regulations.

Frequently asked questions

What is the current guideline value of Sannadhi Street?

The current guideline value of Sannadhi Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Sannadhi Street?

Sannadhi Street is classified as Commercial Class I Type - I, which indicates its zoning for commercial use.

Where can I find the Thiruttani Sub Registrar Office?

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

How is stamp duty calculated for properties in Sannadhi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.