Guideline Value for Sannathi Street

Sannathi Street guideline value

The current guideline value of Sannathi Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sannathi Street has changed

The guideline value for Sannathi Street has remained stable at Rs 700 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, in the 2017 revision, the guideline value was Rs 469 per sq.ft, marking a 49% increase to the current rate.

There are no recorded figures for the revisions in 2012, 2007, 2003, and 2002 for Sannathi Street. The significant change from the 2017 revision to the 2024 revision is also a 49% increase overall.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is equal to the current value of Sannathi Street.

• Santhi Avenue: Rs 800 per sq.ft (2024)
• Santhosh Nagar: Rs 1,200 per sq.ft (2024)
• Sarala Nagar: Rs 700 per sq.ft (2024)
• Saralavathi Garden: Rs 1,000 per sq.ft (2024)
• Saralavathi Nagar: Rs 700 per sq.ft (2024)
• Samsu Nagar: Rs 1,000 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, leading to a total of Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sannathi Street?

The Sub Registrar Office that covers Sannathi Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sannathi Street?

The current guideline value of Sannathi Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024. It increased from Rs 469 per sq.ft in 2017, a change of 49% overall from 2017 to 2024.

What are the other streets with guideline values in Sriperumbudur A?

Other streets in Sriperumbudur A include Santhi Avenue at Rs 800 per sq.ft, Santhosh Nagar at Rs 1,200 per sq.ft, and Sarala Nagar at Rs 700 per sq.ft, among others.

How is stamp duty calculated for properties in Sannathi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at 7%.

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

The Sub Registrar Office for Sannathi Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.