Guideline Value for Sannathi Street

Sannathi Street guideline value

The current guideline value of Sannathi Street in Vallam_B village, under the Sriperumpudur SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of Sannathi Street has changed

As per the revisions in the guideline value register, there has been no recorded figure for Sannathi Street in the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show that the guideline value was Rs 500 per sq.ft in 2023, which increased by 20% to Rs 600 per sq.ft in the 2024 revision.

This change reflects a significant adjustment in the valuation, moving from Rs 500 per sq.ft in 2023 to Rs 600 per sq.ft in 2024. The current figure is above the median guideline value of Rs 400 per sq.ft for the 73 streets in Vallam_B under the Sriperumpudur SRO.

Guideline values in Vallam_B

In Vallam_B, the guideline values for 2024 range from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. Sannathi Street's guideline value of Rs 600 per sq.ft is above this median, indicating a higher valuation compared to many other streets in the village.

• Santhaiyamman Koil Street: Rs 400 per sq.ft (2024)
• Santhiyamman Koil 2nd Street: Rs 400 per sq.ft (2024)
• Samayapurathamman Nagar: Rs 200 per sq.ft (2024)
• Saravanapuri Nagar: Rs 150 per sq.ft (2024)
• Roja Nagar: Rs 400 per sq.ft (2024)
• Rayappar Street: Rs 200 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Vallam_B. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the higher amount between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the registration process aligns with the current market valuations as reflected in the guideline value register.

Frequently asked questions

What is the current guideline value of Sannathi Street?

The current guideline value of Sannathi Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sannathi Street was Rs 500 per sq.ft in 2023, which increased to Rs 600 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sannathi Street?

Sannathi Street is classified as Residential Special Type - I. This classification is important for determining the usage and potential development of the property.

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

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sannathi Street located?

The Sub Registrar Office that covers Sannathi Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registrations for properties in the area.