Guideline Value for Sannathi Street (Krishnamoorthy Nagar)

Sannathi Street (Krishnamoorthy Nagar) guideline value

The current guideline value of Sannathi Street (Krishnamoorthy Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Sannathi Street (Krishnamoorthy Nagar) 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, reflecting a rise of 61% over that period. Overall, from 2012 to 2024, there has been a slight increase of 8% in the guideline value.

The register has no figures for Sannathi Street for the years 2002, 2003, 2007, 2023. Therefore, the only revisions available are from 2012, 2017, and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median of Rs 2,700 per sq.ft. The guideline value for Sannathi Street (Krishnamoorthy Nagar) is equal to this median.

• Sannadhi Street (Public Well Street): 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 Sannathi Street (Krishnamoorthy Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to 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 stamp duty and registration Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sannathi Street (Krishnamoorthy Nagar)?

The Sub Registrar Office covering Sannathi Street (Krishnamoorthy Nagar) is the Madhavaram Sub Registrar Office, 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 the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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 stamp duty. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sannathi Street (Krishnamoorthy Nagar)?

The current guideline value of Sannathi Street (Krishnamoorthy Nagar) 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 increased to Rs 2,700 per sq.ft in 2024. This reflects a decline from 2012 to 2017, followed by a significant increase from 2017 to 2024.

What is the land classification for Sannathi Street (Krishnamoorthy Nagar)?

Sannathi Street (Krishnamoorthy Nagar) is classified as Residential Class I Type - I. This classification is important for understanding the permissible uses of the land.

Where can I find the registration office for Sannathi Street (Krishnamoorthy Nagar)?

The registration office for Sannathi Street (Krishnamoorthy Nagar) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for property transactions in Kodungaiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rates are 7% for stamp duty and 2% for the registration fee, which are applied to the relevant value during the registration process.