Guideline Value for Sasthri Street

Sasthri Street guideline value

The current guideline value of Sasthri Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Sasthri Street has changed

In the 2017 revision, the guideline value was Rs 536 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The current revision in 2024 sees the value further increase to Rs 880 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for Sasthri Street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft. The median value is Rs 1,300 per sq.ft, placing Sasthri Street's 2024 figure below that median.

• Sasthri Nagar: Rs 880 per sq.ft (2024)
• Saratha Nagar: Rs 801 per sq.ft (2024)
• Saraswathy nagar Extn.: Rs 880 per sq.ft (2024)
• Saraswathy Nagar: Rs 880 per sq.ft (2024)
• School Road: Rs 1,700 per sq.ft (2024)
• Senthil Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthri Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sasthri Street?

The Sub Registrar Office that covers Sasthri Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is an essential factor during property registration in 44.Ayanambakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction reflects the official valuation set by the authorities. This helps maintain transparency and standardization in property dealings within the area.

Frequently asked questions

What is the current guideline value of Sasthri Street?

The current guideline value of Sasthri Street is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, marking a total increase of 64% over these years.

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles the registration for Sasthri Street?

The Konnur Sub Registrar Office handles the registration for Sasthri Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is revised periodically to reflect changes in the property market.