Guideline Value for Sannathi St

Sannathi St guideline value

The current guideline value of Sannathi St in Peerklankaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Sannathi St has changed

Over the years, the guideline value of Sannathi St has undergone several revisions. The earliest revision available is from 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease in 2017 to Rs 804 per sq.ft. In 2023, the value increased to Rs 1,200 per sq.ft, and in the most recent 2024 revision, it is now Rs 1,320 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Sannathi St's 2024 figure below this median.

• Samrajeeya Nagar: Rs 1,650 per sq.ft (2024)
• Sambangi Street: Rs 1,100 per sq.ft (2024)
• Sambangi Cross Street: Rs 1,320 per sq.ft (2024)
• Sakthi Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar Extn: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 8th st: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sannathi St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sannathi St?

The Sannathi St falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peerklankaranai. It determines the minimum value at which a property can be registered, ensuring that transactions are recorded at a fair value as per the government standards.

When registering a property, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sannathi St?

The current guideline value of Sannathi St is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for Sannathi St?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000, with a stamp duty of Rs 92,400 and a registration fee of Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Sannathi St?

The Tambaram Joint 1 Sub Registrar Office covers Sannathi St, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum value for registration. Buyers must pay stamp duty and registration fees based on the higher of the guideline value or the sale price, ensuring proper revenue collection for the government.