Guideline Value for Sannathi Street

Sannathi Street guideline value

The current guideline value of Sannathi Street is Rs 1,250 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO and is classified as Commercial Class I Type - I.

How the guideline value of Sannathi Street has changed

In the 2017 revision, the guideline value was set at Rs 837 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,250 per sq.ft. The current 2024 revision continues this value, showing no change from the previous year. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same rate of change between the 2017 and 2024 revisions.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Sannathi Street's 2024 figure above this median.

• Sangumettu Street: Rs 300 per sq.ft (2024)
• Sangukulam West Street: Rs 600 per sq.ft (2024)
• Sangukulam Street: Rs 600 per sq.ft (2024)
• Sangukulam South Street: Rs 600 per sq.ft (2024)
• Sangukulam North Street: Rs 600 per sq.ft (2024)
• Salai Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sannathi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,250 per sq.ft, the guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, totaling Rs 1,12,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can 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 Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is used as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property in Thirukalukundrem A, the guideline value plays a crucial role in calculating the stamp duty and registration fees.

During the registration process, the buyer must ensure that the sale price is equal to or greater than the guideline value. If the sale price is lower, the stamp duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Sannathi Street?

The current guideline value of Sannathi Street is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,250 per sq.ft from 2023 to 2024, and increased by 49% from Rs 837 per sq.ft in 2017 to Rs 1,250 per sq.ft in 2024.

What is the land classification of Sannathi Street?

Sannathi Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the registration office for Sannathi Street?

The registration office for Sannathi Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for property in Sannathi Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at the guideline value of Rs 12,50,000, the stamp duty would be Rs 87,500 at 7%.