Guideline Value for Sannathi Street

Sannathi Street guideline value

The current guideline value of Sannathi Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sannathi Street has changed

Over the years, the guideline value of Sannathi Street has seen significant changes. The earliest recorded figure is from 2007, which was Rs 1,145 per sq.ft. This value increased dramatically to Rs 6,000 per sq.ft in 2012, marking a rise of 424%. However, between 2012 and 2017, the value decreased to Rs 4,020 per sq.ft, a drop of 33%. The value then increased again to Rs 6,000 per sq.ft in 2023, followed by a further increase to the current rate of Rs 6,600 per sq.ft in 2024, reflecting a 10% rise.

There are no recorded figures for Sannathi Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 476%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which is equal to the current value of Sannathi Street.

• Sami Pillai Street: Rs 5,500 per sq.ft (2024)
• Sami Achari Street: Rs 5,500 per sq.ft (2024)
• Sardarjung Garden 1st Street: Rs 6,600 per sq.ft (2024)
• Sardarjung Garden 2nd Street: Rs 6,600 per sq.ft (2024)
• Sardarjung Garden 3rd Street: Rs 6,600 per sq.ft (2024)
• Sardarjung Garden Street: Rs 6,600 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 6,600 per sq.ft, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sannathi Street?

Sannathi Street is covered by the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Triplicane. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property in Triplicane, it's essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sannathi Street?

The current guideline value of Sannathi Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,145 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 476%.

What is the land classification for Sannathi Street?

Sannathi Street is classified as Residential Class I Type - I.

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

The Sub Registrar Office covering Sannathi Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at 7%.