Guideline Value for SASTHRI STREET

Sasthri Street guideline value

The current guideline value of Sasthri Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sasthri Street has changed

Over the years, the guideline value of Sasthri Street has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which was later revised to Rs 335 per sq.ft in 2017, marking a decrease of 33%. The 2023 revision increased the value to Rs 500 per sq.ft, followed by a further increase to Rs 550 per sq.ft in 2024, reflecting a 10% rise from the previous year. The register has no figures for this street in the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The significant changes include a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, positioning Sasthri Street's 2024 figure below this median.

• Sardhar Petel Nagar: Rs 1,645 per sq.ft (2024)
• Sanjeevi Nagar: Rs 550 per sq.ft (2024)
• Sai Sri Vari Nagar: Rs 2,200 per sq.ft (2024)
• Sai Nagar: Rs 2,200 per sq.ft (2024)
• South Mada Veedhi: Rs 550 per sq.ft (2024)
• Sri Iyyappa Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sasthri Street?

The Sub Registrar Office covering Sasthri Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value plays a crucial role during the registration of property transactions in Thirukkachur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sasthri Street?

The current guideline value of Sasthri Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Sasthri Street?

Sasthri Street is classified as Residential Class I Type - II.

How does Sasthri Street's guideline value compare with other streets in Thirukkachur - 1?

The guideline value of Sasthri Street at Rs 550 per sq.ft is below the median of Rs 660 per sq.ft for other streets in Thirukkachur - 1.

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

The Sub Registrar Office for Sasthri Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.