Guideline Value

Corporate

Guideline Value for SANNATHI STREET

₹4620/sq.ft.

The guideline value for Sannathi Street in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 4620 per sq.ft, effective 1 July 2024. It was Rs 4200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4620 /sq.ft.
From 1-4-2023 ₹4200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2814 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹404 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹350 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Sannathi Street guideline value

The current guideline value of Sannathi Street in Ekkaduthangal village is Rs 4,620 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Sannathi Street has changed

The guideline value for Sannathi Street has undergone several revisions over the years. In 2002, the value was Rs 350 per sq.ft, which increased to Rs 404 per sq.ft in 2003, marking a 15% rise. The value continued to grow, reaching Rs 700 per sq.ft in 2007, a significant increase of 73%. By 2012, the value was Rs 4,200 per sq.ft, which represented a remarkable 500% increase from the previous revision.

In 2017, the guideline value decreased to Rs 2,814 per sq.ft, reflecting a 33% drop. However, it rebounded to Rs 4,200 per sq.ft in 2023, before reaching the current value of Rs 4,620 per sq.ft in 2024, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,220%.

Guideline values in Ekkaduthangal

The village of Ekkaduthangal has a range of guideline values across its 190 streets under the Chennai South Joint I SRO, with figures varying from Rs 3,080 to Rs 8,800 per sq.ft. The median value is Rs 4,620 per sq.ft, which is the same as the current guideline value for Sannathi Street.

Stamp duty and registration fee for property in Sannathi Street

For a 1,000 sq.ft plot at the current rate of Rs 4,620 per sq.ft, the guideline value amounts to Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, and the registration fee at 2% would be Rs 92,400, totaling Rs 4,15,800. It is important to note that 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 Sannathi Street?

The Sub Registrar Office covering Sannathi Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Ekkaduthangal. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to accurately calculate the costs associated with property transactions.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. Conversely, if the sale price is lower, the duty is charged on the guideline value.

Frequently asked questions

What is the current guideline value of Sannathi Street?

The current guideline value of Sannathi Street is Rs 4,620 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 350 per sq.ft to Rs 4,620 per sq.ft in 2024, marking an overall increase of 1,220%.

What is the registration office for Sannathi Street?

The registration office for Sannathi Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Sannathi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 46,20,000 would incur a stamp duty of Rs 3,23,400 at 7%.

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

Other streets in Ekkaduthangal include Saminathan Road at Rs 3,520 per sq.ft, Sardar Colony at Rs 3,520 per sq.ft, and Sardar Colony 1st Lane at Rs 3,080 per sq.ft, among others.