Guideline Value for SANYASIPURAM 1ST STREET

Sanyasipuram 1st Street guideline value

The current guideline value of Sanyasipuram 1st Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Sanyasipuram 1st Street has changed

The guideline value for Sanyasipuram 1st Street has undergone several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it then decreased to Rs 3,015 per sq.ft in 2017. Following this, the value rose to Rs 4,500 per sq.ft in 2023, and is now Rs 4,900 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 172%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value for these streets is Rs 5,500 per sq.ft, placing Sanyasipuram 1st Street's 2024 figure below the median.

• Sanyasipuram All Streets: Rs 4,400 per sq.ft (2024)
• Sanyasipuram Lane: Rs 4,400 per sq.ft (2024)
• Sappakal Ramanujammal Garden Street: Rs 4,400 per sq.ft (2024)
• Santhiappa Street Extension: Rs 5,500 per sq.ft (2024)
• Santhiappa Road: Rs 5,500 per sq.ft (2024)
• Santhiappa Mudali Main Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sanyasipuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total cost for these fees to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sanyasipuram 1st Street?

The Sub Registrar Office that covers Sanyasipuram 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions in Purasaivakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When you register a property, the higher value between the guideline value and the sale price is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sanyasipuram 1st Street?

The current guideline value of Sanyasipuram 1st Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 172% over the years.

What are the stamp duty and registration fees for property in Sanyasipuram 1st Street?

For a 1,000 sq.ft property, the total guideline value would be Rs 49,00,000. The stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office covers Sanyasipuram 1st Street?

The Purasaivakkam Sub Registrar Office covers Sanyasipuram 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Sanyasipuram 1st Street?

Sanyasipuram 1st Street is classified as Residential Class III Type - II.