Guideline Value for Sarangapani Street

Sarangapani Street guideline value

The current guideline value of Sarangapani Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Mixed Type - I land.

How the guideline value of Sarangapani Street has changed

The guideline value for Sarangapani Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 4,200 per sq.ft, which then decreased to Rs 2,814 per sq.ft in the 2017 revision. Subsequently, the value increased significantly to Rs 4,200 per sq.ft in the 2023 revision and further rose to Rs 4,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, which means Sarangapani Street's current guideline value is above that median.

• Santhi Street: Rs 3,600 per sq.ft (2024)
• Saraswathi Pandurangan Street: Rs 4,600 per sq.ft (2024)
• Sanmugam Mudali Street: Rs 4,000 per sq.ft (2024)
• Sangam Street: Rs 4,600 per sq.ft (2024)
• Samtharia Nagar: Rs 3,600 per sq.ft (2024)
• Samayapurathamman Koil 1st Street (Thiruvalluvar Nagar): Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sarangapani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty, charged at 7%, would amount to Rs 3,22,000, while the registration fee at 2% would be Rs 92,000. Together, these fees would total Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sarangapani Street?

The Sub Registrar Office that covers Sarangapani Street is 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 Ambattur

The guideline value plays a crucial role during the registration of property transactions in Ambattur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sarangapani Street?

The current guideline value of Sarangapani Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value for Sarangapani Street has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification for Sarangapani Street?

Sarangapani Street is classified as Mixed Type - I land, which indicates its diverse usage potential.

What are the stamp duty rates for properties in Sarangapani Street?

The stamp duty for properties in Sarangapani Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sarangapani Street located?

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