Guideline Value for Sannathi Street

Sannathi Street guideline value

The current guideline value of Sannathi Street in Anakaputhur village is Rs 1,760 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Sannathi Street has changed

The guideline value for Sannathi Street has seen significant changes over the years. In 2003, the value was Rs 271 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This marked a rise of 11%. The value then surged to Rs 1,072 per sq.ft in 2017, representing a substantial increase of 257%. By 2023, the guideline value reached Rs 1,600 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,760 per sq.ft, marking a 10% increase from 2023.

There are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 549%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Sannathi Street is below this median.

• Santhi Nagar IIIrd Lane: Rs 1,760 per sq.ft (2024)
• Santhi Nagar IInd Lane: Rs 1,760 per sq.ft (2024)
• Santhi Nagar Ist Lane: Rs 1,760 per sq.ft (2024)
• Santhi Nagar Ivth Lane: Rs 1,760 per sq.ft (2024)
• Santhi Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Santhi Nagar VIIth Lane: Rs 1,760 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 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, these fees would total Rs 1,58,400. It is important to note that 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?

The Sub Registrar Office that covers Sannathi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value is a crucial factor when registering a property in Anakaputhur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency in the transaction process and aids in the calculation of necessary fees.

Frequently asked questions

What is the current guideline value of Sannathi Street?

The current guideline value of Sannathi Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 271 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 549% over this period.

What is the land classification for Sannathi Street?

Sannathi Street is classified as Residential Class II Type - I, which indicates its designation for residential use.

Where can I find the Sub Registrar Office for Sannathi Street?

The Sub Registrar Office for Sannathi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the stamp duty rate for properties in Sannathi Street?

The stamp duty rate for properties in Sannathi Street is 7% of the guideline value or the sale price, whichever is higher.