Guideline Value for Sannadhi Street (Public Well Street)

Sannadhi Street (Public Well Street) guideline value

The current guideline value of Sannadhi Street (Public Well Street) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Sannadhi Street (Public Well Street) has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 2,700 per sq.ft, representing a rise of 61%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 8%.

The register has no figure for Sannadhi Street for the years 2002, 2003, 2007, 2023. Therefore, the only revisions available for this street are from 2012, 2017, and the current 2024 figure.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Sannadhi Street (Public Well Street).

• Sannathi Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Sanjai Gandhi Street (Vivekananda Nagar): Rs 2,700 per sq.ft (2024)
• Sarada Nagar: Rs 2,700 per sq.ft (2024)
• Saravana Nagar: Rs 2,700 per sq.ft (2024)
• Saravanan Cross Street: Rs 2,200 per sq.ft (2024)
• Saravanan Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sannadhi Street (Public Well Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for duty and registration Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sannadhi Street (Public Well Street)?

The Madhavaram Sub Registrar Office covers Sannadhi Street (Public Well Street). The office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to determine the stamp duty and registration fees, ensuring that all transactions adhere to the regulatory framework set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sannadhi Street?

The current guideline value of Sannadhi Street (Public Well Street) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then to Rs 2,700 per sq.ft in 2024. This represents a decline of 33% from 2012 to 2017, followed by a significant increase of 61% from 2017 to 2024.

What is the land classification of Sannadhi Street?

Sannadhi Street (Public Well Street) is classified under Residential Class I Type - I according to the land classification standards.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Sannadhi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.