Guideline Value for Sanar Kuttai Street

Sanar Kuttai Street guideline value

The current guideline value of Sanar Kuttai Street is Rs 110 per sq.ft, effective from 1 July 2024. This street is located in Kannanthangal village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sanar Kuttai Street has changed

The guideline value for Sanar Kuttai Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until 2017, when it decreased to Rs 67 per sq.ft. However, in 2023, the value increased significantly to Rs 100 per sq.ft, and the most recent revision in 2024 raised it further to Rs 110 per sq.ft, marking a 10% increase from the previous year.

Looking at the changes, from 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kannanthangal

In Kannanthangal, there are 22 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 900 per sq.ft. The median guideline value is Rs 110 per sq.ft, which is equal to the 2024 figure for Sanar Kuttai Street.

• Sandhiya Nagar: Rs 200 per sq.ft (2024)
• Reddiyar Street: Rs 126 per sq.ft (2024)
• Pallikuda Street: Rs 110 per sq.ft (2024)
• Oththavadai Street: Rs 110 per sq.ft (2024)
• Nadu Street: Rs 110 per sq.ft (2024)
• M.G.R.Street: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Sanar Kuttai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value would be Rs 1,10,000. The stamp duty at 7% would amount to Rs 7,700, and the registration fee at 2% would be Rs 2,200, bringing the total cost for these fees to Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sanar Kuttai Street?

Sanar Kuttai Street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Kannanthangal. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements set by the registration department.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Sanar Kuttai Street?

The current guideline value of Sanar Kuttai Street is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What is the land classification of Sanar Kuttai Street?

Sanar Kuttai Street is classified as Residential Class II Type - I.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated for properties in Kannanthangal?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 110 per sq.ft, the total guideline value would be Rs 1,10,000, with applicable fees calculated accordingly.