Guideline Value for Thiruvateeswaran Sannathi Street

Thiruvateeswaran Sannathi Street guideline value

The current guideline value for Thiruvateeswaran Sannathi Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO, classified as Residential Class I Type - I.

How the guideline value of Thiruvateeswaran Sannathi Street has changed

The guideline value for Thiruvateeswaran Sannathi Street has seen significant changes over the years. In the 2007 revision, the value was Rs 945 per sq.ft, which increased dramatically to Rs 6,000 per sq.ft in 2012, marking a rise of 535%. However, it then decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 6,000 per sq.ft in 2023 and further increased to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 598%. There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, which is the same as the current value for Thiruvateeswaran Sannathi Street.

• Thiru.Vi.Ka.Road: Rs 13,200 per sq.ft (2024)
• Thoppu Venkatachalam Street: Rs 6,600 per sq.ft (2024)
• Thulasinga Perumal Koil 1st Lane: Rs 5,500 per sq.ft (2024)
• Thulasinga Perumal Koil 2nd Lane: Rs 5,500 per sq.ft (2024)
• Thulasinga Perumal Koil Lane: Rs 5,500 per sq.ft (2024)
• Thulasinga Perumal Koil South Mada Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvateeswaran Sannathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, resulting in a total of Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiruvateeswaran Sannathi Street?

The Sub Registrar Office that covers Thiruvateeswaran Sannathi Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the government.

Frequently asked questions

What is the current guideline value for Thiruvateeswaran Sannathi Street?

The current guideline value for Thiruvateeswaran Sannathi Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 598% over the years.

What is the stamp duty for property on Thiruvateeswaran Sannathi Street?

The stamp duty for a property on Thiruvateeswaran Sannathi Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Thiruvateeswaran Sannathi Street?

The Triplicane Sub Registrar Office handles registrations for Thiruvateeswaran Sannathi Street, located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014.

What is the land classification for Thiruvateeswaran Sannathi Street?

Thiruvateeswaran Sannathi Street is classified as Residential Class I Type - I.