Guideline Value for Sannathi Street

Sannathi Street guideline value

The current guideline value of Sannathi Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Sannathi Street has changed

The guideline value for Sannathi Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 500 per sq.ft. This value increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% increase. However, it then decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and finally reached Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 340%. It is important to note that there are no recorded figures for Sannathi Street in the revisions of 2002 and 2003.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, placing Sannathi Street's 2024 figure above that median.

• Sasthiri Nagar: Rs 880 per sq.ft (2024)
• R.M.Varadarajan Street: Rs 1,650 per sq.ft (2024)
• Seshathiripalayam mettu Street: Rs 1,100 per sq.ft (2024)
• Seshathiripalayam Palani Chetty Street: Rs 1,100 per sq.ft (2024)
• Seshathiripalayam Road Street: Rs 1,100 per sq.ft (2024)
• Seshathiripalayam Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sannathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the 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 Street?

The Sub Registrar Office that covers Sannathi Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ist Division. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher, making it essential to understand these values before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Sannathi Street?

The current guideline value of Sannathi Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 340% over the years.

What is the land classification of Sannathi Street?

Sannathi Street is classified as Commercial Class I Type - III under the Kanchipuram Joint IV SRO.

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

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,98,000, based on the guideline value of Rs 22,00,000.

Which Sub Registrar Office covers Sannathi Street?

The Kanchipuram Joint IV Sub Registrar Office covers Sannathi Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.