Guideline Value for SANNATHI STREET

Sannathi Street guideline value

The current guideline value of Sannathi Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Manali village under the Thiruvottiyur SRO, classified as Mixed Special Type - III.

How the guideline value of Sannathi Street has changed

The guideline value for Sannathi Street has seen several revisions over the years. In 2002, the value was Rs 93 per sq.ft, which increased to Rs 106 in 2003, marking a 14% rise. The value continued to climb significantly, reaching Rs 200 per sq.ft in 2007, reflecting an increase of 89%. However, there was a substantial drop in 2012 to Rs 1,400 per sq.ft, which was a decrease of 33% from the previous revision.

From 2012, the guideline value rose again to Rs 938 per sq.ft in 2017, a 49% increase. The most recent revision in 2023 set the value at Rs 1,400 per sq.ft, followed by the current value of Rs 1,500 per sq.ft in 2024, indicating a 7% increase from the previous year. There are no other years with figures recorded for this street.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, positioning Sannathi Street's current value above this median.

• Santhanakrishnan Street: Rs 1,200 per sq.ft (2024)
• Salma Nagar: Rs 1,200 per sq.ft (2024)
• Salai Managar/ Street: Rs 1,200 per sq.ft (2024)
• Sar.C.V. Raman Street: Rs 1,200 per sq.ft (2024)
• Selva Vinayagar Koil Street: Rs 1,200 per sq.ft (2024)
• Shake Ansar Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sannathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total charges to Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sannathi Street?

The Sannathi Street is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Manali. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable charges, which are based on the higher of the guideline value or the sale price. This ensures transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sannathi Street?

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 93 in 2002 to Rs 1,500 in 2024, reflecting an overall increase of 1513% over the years.

What is the median guideline value for streets in Manali?

The median guideline value for streets in Manali is Rs 1,200 per sq.ft, with Sannathi Street's current value being above this median.

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

For a 1,000 sq.ft plot at the current rate, the total charges would amount to Rs 1,35,000, which includes stamp duty and registration fees based on the guideline value.

Which office handles registrations for Sannathi Street?

The Thiruvottiyur Sub Registrar Office handles registrations for Sannathi Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.