Guideline Value for Sannathin Street

Sannathin Street guideline value

The current guideline value of Sannathin Street in Thiruvallur village, under the Tiruvallur Joint 1 SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - IV land classification.

How the guideline value of Sannathin Street has changed

Over the years, the guideline value of Sannathin Street has seen significant changes. The earliest recorded revision was in 2007, when the guideline value was Rs 500 per sq.ft. This figure increased dramatically to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, a reduction of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year. Notably, there are no recorded figures for Sannathin Street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 450%. The current value of Rs 2,750 per sq.ft is significantly higher than the previous revisions and indicates a strong position within the local context.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Sannathin Street's guideline value above this median.

• Sangeeth Garden: Rs 1,100 per sq.ft (2024)
• Sakthi Koil Street: Rs 1,320 per sq.ft (2024)
• Sakthi Koil Cross Street: Rs 1,320 per sq.ft (2024)
• Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Seerisabaratinam Street: Rs 1,100 per sq.ft (2024)
• Sembaruthi Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sannathin Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sannathin Street?

The Sub Registrar Office that covers Sannathin Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvallur. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure they meet their financial obligations accurately.

Additionally, the guideline value is used to assess the property’s worth in legal documents, ensuring transparency and fairness in property transactions. It is essential for both parties to understand the implications of the guideline value in their dealings.

Frequently asked questions

What is the current guideline value of Sannathin Street?

The current guideline value of Sannathin Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 500 per sq.ft to Rs 2,750 per sq.ft in 2024, marking an overall increase of 450%.

What is the land classification for Sannathin Street?

Sannathin Street is classified as Residential Special Type - IV, which influences its guideline value and potential uses.

What are the stamp duty and registration fees for properties in Sannathin Street?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

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

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.