Guideline Value for SANYASIPURAM ALL STREETS

Sanyasipuram All Streets guideline value

The current guideline value for Sanyasipuram All Streets is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Sanyasipuram All Streets has changed

The guideline value for Sanyasipuram All Streets has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017. The value then rose significantly to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2007 to 2012, there was a +122% increase, followed by a -33% decrease from 2012 to 2017. The value then saw a +49% increase from 2017 to 2023, and a +10% increase from 2023 to 2024. The overall change from 2007 to 2024 is +144%. The register has no figures for the years 2002 and 2003 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 in this area is Rs 5,500 per sq.ft, making the current value for Sanyasipuram All Streets below that median.

• Sanyasipuram 1st Street: Rs 4,900 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 All Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total charges Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sanyasipuram All Streets?

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

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

The guideline value plays a crucial role in property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Understanding the guideline value helps ensure that the property is registered at a fair and legal rate, complying with local regulations.

Frequently asked questions

What is the current guideline value of Sanyasipuram All Streets?

The current guideline value of Sanyasipuram All Streets is Rs 4,400 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 4,400 per sq.ft in 2024, with various increments and decrements in between.

What is the land classification for Sanyasipuram All Streets?

The land classification for Sanyasipuram All Streets is Residential Class IV Type - I.

Where is the Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is typically set at 7%, while the registration fee is 2% of the guideline value.