Guideline Value for Sannathi Street

Sannathi Street guideline value

The current guideline value of Sannathi Street in Thirumullaivoyal village is Rs 2,400 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Sannathi Street has changed

The guideline value for Sannathi Street has seen revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the 2024 figure for Sannathi Street.

• Santhi Nagar: Rs 2,400 per sq.ft (2024)
• Santhi Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Santhi Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Santhi Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Santhi Nagar (Anna Street): Rs 2,400 per sq.ft (2024)
• Santhi Nagar Extention: Rs 2,400 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 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sannathi Street?

Sannathi Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thirumullaivoyal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Proper understanding of the guideline value ensures that all legal requirements are met during the sale process.

Frequently asked questions

What is the current guideline value of Sannathi Street?

The current guideline value of Sannathi Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision to the 2023 revision, the guideline value remained at Rs 2,200 per sq.ft. However, in the 2024 revision, it increased to Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

What is the land classification for Sannathi Street?

Sannathi Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would include Rs 1,68,000 for stamp duty and Rs 48,000 for registration fees.

Which Sub Registrar Office covers Sannathi Street?

The Ambattur Sub Registrar Office covers Sannathi Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.