Guideline Value for Sanniyasi Subedhar Street

Sanniyasi Subedhar Street guideline value

The current guideline value of Sanniyasi Subedhar Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Parangimalai village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sanniyasi Subedhar Street has changed

The guideline value for Sanniyasi Subedhar Street has undergone several revisions over the years. In 2002, the guideline value was Rs 392 per sq.ft. This increased to Rs 490 per sq.ft in 2003, marking a change of +25%. By 2007, the value rose significantly to Rs 800 per sq.ft, reflecting a +63% change. The value then saw a substantial increase to Rs 3,500 per sq.ft in 2012, which was a +338% change. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, showing a decline of -33%. The value then increased to Rs 3,500 per sq.ft in 2023, with a +49% change, and finally, it reached Rs 3,850 per sq.ft in 2024, which is a +10% change.

There are no figures available for the revisions of this street in the years not mentioned above. The overall increase from 2002 to 2024 is +882%.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, which is equal to the current value for Sanniyasi Subedhar Street.

• Salai Vinayagar Koil Street (G.S.T.Road): Rs 5,500 per sq.ft (2024)
• Sathik Basha Nagar: Rs 3,850 per sq.ft (2024)
• Saint Patrick Church Road: Rs 4,400 per sq.ft (2024)
• Saint Patrick Church 1 to 5 Street: Rs 4,400 per sq.ft (2024)
• Sain Thomas Mount Road: Rs 4,400 per sq.ft (2024)
• Ruthra Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sanniyasi Subedhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sanniyasi Subedhar Street?

The Sanniyasi Subedhar Street is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Parangimalai, the guideline value is used to calculate 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 to ensure compliance with local regulations and to accurately assess the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Sanniyasi Subedhar Street?

The current guideline value of Sanniyasi Subedhar Street is Rs 3,850 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 392 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of +882% over this period.

What is the land classification for Sanniyasi Subedhar Street?

The land classification for Sanniyasi Subedhar Street is Residential Class II Type - I.

Where can I find the SRO for Sanniyasi Subedhar Street?

The SRO for Sanniyasi Subedhar Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Sanniyasi Subedhar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,69,500.