Guideline Value for Sannadhi Street

Sannadhi Street guideline value

The current guideline value of Sannadhi Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village, under the AnnaNagar SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sannadhi Street has changed

Over the years, the guideline value of Sannadhi Street has undergone several revisions. In 2007, the guideline value was Rs 2,000 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, reflecting a 33% drop. The value subsequently rose significantly to Rs 4,000 per sq.ft in 2023, and again to Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall increase in the guideline value is 120%. The revision figures show a notable change, particularly between 2017 and 2023, where there was a 49% increase. The current guideline value of Rs 4,400 per sq.ft aligns with the median value of Rs 4,400 per sq.ft for 99 streets in Aminjikarai under the AnnaNagar SRO.

Guideline values in Aminjikarai

Aminjikarai village features a range of guideline values, with rates for the 2024 revision varying from Rs 3,300 to Rs 16,500 per sq.ft. Sannadhi Street's current guideline value of Rs 4,400 per sq.ft is equal to the median value for the area.

• Sabapathy Street: Rs 4,400 per sq.ft (2024)
• R.V. Nagar Main Road: Rs 6,600 per sq.ft (2024)
• R.V. Nagar Ist 2nd, 3rd Street, 4th street (D Block): Rs 6,600 per sq.ft (2024)
• R.V. Nagar 3rd Cross Street: Rs 6,600 per sq.ft (2024)
• R.V. Nagar 2nd Cross Street: Rs 6,600 per sq.ft (2024)
• R.V. Nagar 1st Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sannadhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sannadhi Street?

The Sub Registrar Office that covers Sannadhi Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When a buyer or seller engages in a transaction, the guideline value helps in calculating the applicable stamp duty and registration fees.

It is essential for buyers to be aware of the guideline value, as it can influence their negotiation strategies and overall transaction costs. Understanding the guideline value ensures that both parties are informed about the minimum value recognized by the government for registration purposes.

Frequently asked questions

What is the current guideline value of Sannadhi Street?

The current guideline value of Sannadhi Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Sannadhi Street has seen several revisions, increasing from Rs 2,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with notable changes in between.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Sannadhi Street?

The AnnaNagar Sub Registrar Office covers Sannadhi Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Sannadhi Street?

Sannadhi Street is classified as Residential Class II Type - II, indicating its designated use for residential purposes.