Guideline Value for Sannathi Street Kaladipet

Sannathi Street Kaladipet guideline value

The current guideline value of Sannathi Street Kaladipet is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Satthankadu village and falls under the Thiruvottiyur SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of Sannathi Street Kaladipet has changed

The guideline value for Sannathi Street Kaladipet has seen several revisions over the years. In 2007, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a 218% rise. However, there was a decline to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The value then rose sharply to Rs 3,500 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the guideline value at Rs 3,800 per sq.ft, a 9% increase from the previous year.

The register has no figures for Sannathi Street Kaladipet for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 245%.

Guideline values in Satthankadu

In Satthankadu, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,400 per sq.ft, placing Sannathi Street Kaladipet above this median.

• Santhi street(Corner Plots): Rs 3,800 per sq.ft (2024)
• Sathangadu High Road: Rs 3,800 per sq.ft (2024)
• Sathangadu High Road (Corner Plots): Rs 3,800 per sq.ft (2024)
• Sathuma Nagar(Othavadai): Rs 3,400 per sq.ft (2024)
• Seshachala Gramani Street: Rs 3,400 per sq.ft (2024)
• Rajiv Nagar: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sannathi Street Kaladipet

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sannathi Street Kaladipet?

The Sannathi Street Kaladipet is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Satthankadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that the government receives appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Sannathi Street Kaladipet?

The current guideline value of Sannathi Street Kaladipet is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 245% over the years.

What was the guideline value in 2023?

The guideline value for Sannathi Street Kaladipet in 2023 was Rs 3,500 per sq.ft.

Which Sub Registrar Office covers Sannathi Street Kaladipet?

The Thiruvottiyur Sub Registrar Office covers Sannathi Street Kaladipet, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Sannathi Street Kaladipet?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,00,000, the stamp duty at 7% would be Rs 2,66,000.