Guideline Value for SANNATHI STREET

Sannathi Street guideline value

The current guideline value of Sannathi Street is Rs 3,700 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Mixed Special Type - II.

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 guideline value was Rs 416 per sq.ft, which increased to Rs 488 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 1,100 per sq.ft in 2007, and then it jumped to Rs 3,400 per sq.ft in 2012. However, there was a decrease to Rs 2,278 per sq.ft in 2017. The value then rose again to Rs 3,400 per sq.ft in 2023, before reaching the current rate of Rs 3,700 per sq.ft in 2024.

Overall, the changes between the revisions show a substantial increase from 2002 to 2024, with a total increase of 789%. The most notable increase occurred between 2007 and 2012, where the value rose by 209%, while the change from 2017 to 2023 was an increase of 49%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a guideline value for 2024, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Sannathi Street's 2024 figure above this median.

• Saraswathi Nagar: Rs 1,500 per sq.ft (2024)
• Saraswathipuram: Rs 1,500 per sq.ft (2024)
• Saravana Nagar: Rs 1,500 per sq.ft (2024)
• Sathandapuram New Colony: Rs 2,800 per sq.ft (2024)
• Sakthi Ganapathi Nagar: Rs 1,500 per sq.ft (2024)
• Sadayanguppam Pattai: Rs 3,300 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 3,700 per sq.ft, the total guideline value would be Rs 37,00,000. The stamp duty at 7% would amount to Rs 2,59,000, and the registration fee at 2% would be Rs 74,000, making the total cost for these fees Rs 3,33,000. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers Sannathi Street?

The Sub Registrar Office that covers Sannathi Street is 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 Thiruvottiyur

The guideline value is a crucial factor during the registration process of property transactions in Thiruvottiyur. 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 based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for both parties involved. It is essential for buyers to be aware of the guideline value as it directly impacts the overall costs associated with property registration.

Frequently asked questions

What is the current guideline value of Sannathi Street?

The current guideline value of Sannathi Street is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 416 per sq.ft in 2002 to Rs 3,700 per sq.ft in 2024, marking a total increase of 789% over the years.

What is the median guideline value in Thiruvottiyur?

The median guideline value for the 177 streets in Thiruvottiyur is Rs 3,300 per sq.ft, with Sannathi Street's current value above this median.

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

For a 1,000 sq.ft plot, the guideline value is Rs 37,00,000. The stamp duty would be Rs 2,59,000, and the registration fee would be Rs 74,000, totaling Rs 3,33,000.

Where is the Sub Registrar Office for Sannathi Street located?

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