Guideline Value for SASTHIRI STREET

Sasthiri Street guideline value

The current guideline value of Sasthiri Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sasthiri Street has changed

Over the years, the guideline value of Sasthiri Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then rose to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, making the current guideline value of Sasthiri Street below that median.

• Sarojani Garden: Rs 1,870 per sq.ft (2024)
• Saravanan Street: Rs 1,650 per sq.ft (2024)
• Sathyamurthy Nagar: Rs 2,200 per sq.ft (2024)
• Saravanan Cross Street: Rs 1,650 per sq.ft (2024)
• Selva Vinayagar Koil Street: Rs 2,200 per sq.ft (2024)
• Senthamizhil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthiri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sasthiri Street?

The Sub Registrar Office that covers Sasthiri 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 further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Jelandianpettai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the sale price must be compared to the guideline value. The higher of the two will be used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sasthiri Street?

The current guideline value of Sasthiri Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

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

Other streets in Jelandianpettai include Sarojani Garden at Rs 1,870 per sq.ft, Saravanan Street at Rs 1,650 per sq.ft, Sathyamurthy Nagar at Rs 2,200 per sq.ft, and others with varying rates.

What is the registration fee for property in Sasthiri Street?

The registration fee for property in Sasthiri Street is calculated based on the guideline value, which is currently Rs 1,650 per sq.ft. For a 1,000 sq.ft plot, the registration fee would be Rs 33,000.

Where can I find the Sub Registrar Office for Sasthiri Street?

The Sub Registrar Office for Sasthiri Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find more information online.