Guideline Value for SASTHRI STREET

Sasthri Street guideline value

The current guideline value of Sasthri Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Sasthri Street has changed

Over the years, the guideline value of Sasthri Street has seen several revisions. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 213%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year. The register has no figures for this street for the years 2002 and 2003.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making Sasthri Street's current value below this median.

• Sathiyamurthy Street: Rs 3,300 per sq.ft (2024)
• School Street: Rs 3,300 per sq.ft (2024)
• Santhiappan Salai Cross Street: Rs 3,300 per sq.ft (2024)
• Santhiappan Salai 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Santhiappan Salai 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Santhiappan Salai: Rs 3,300 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 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. 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 more information.

Which Sub Registrar Office covers Sasthri Street?

The Sub Registrar Office that covers Sasthri Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Perungudi, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. This value is periodically revised to reflect changes in the locality and surrounding areas.

Frequently asked questions

What is the current guideline value of Sasthri Street?

The current guideline value of Sasthri Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 250% over the years.

What is the median guideline value for streets in Perungudi?

The median guideline value for streets in Perungudi is Rs 3,300 per sq.ft for the year 2024.

What are the stamp duty and registration fees for property in Sasthri Street?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles property registrations for Sasthri Street?

The Neelankarai Sub Registrar Office handles property registrations for Sasthri Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.