Guideline Value for sannathi street

Sannathi Street guideline value

The current guideline value of Sannathi Street in Udaiyavarkoil village is Rs 550 per sq.ft, effective from the 2024 revision. This street falls under the Poonamallee SRO and is classified as Residential Class II Type - I.

How the guideline value of Sannathi Street has changed

The guideline value for Sannathi Street has undergone several revisions over the years. In 2003, the value was Rs 53 per sq.ft, which increased to Rs 100 per sq.ft in 2007. Following this, there was a significant jump to Rs 500 per sq.ft in 2012, but it then decreased to Rs 335 per sq.ft in 2017. The value saw a substantial increase to Rs 500 per sq.ft in 2023, and currently, as of the 2024 revision, it stands at Rs 550 per sq.ft. The changes between these revisions include a +89% increase from 2003 to 2007, a +400% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +10% increase from 2023 to 2024.

Overall, from 2003 to 2024, the guideline value has increased by +938%. It is important to note that the register has no figure for Sannathi Street for the year 2002.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the current guideline value of Sannathi Street.

• Sababathy Mudaliar street: Rs 550 per sq.ft (2024)
• R.K Avenue: Rs 550 per sq.ft (2024)
• Shanmugapuram 1st Street: Rs 550 per sq.ft (2024)
• Shrinivasa nagar: Rs 550 per sq.ft (2024)
• Shri Padmavathy nagar: Rs 550 per sq.ft (2024)
• Rajarathinam salai: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sannathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sannathi Street?

The Sannathi Street falls under the jurisdiction of the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Udaiyavarkoil. It serves as a reference point for determining the stamp duty and registration fees when a property is sold or purchased. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees. This ensures that all transactions are recorded at a fair and standardized value, which helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Sannathi Street?

The current guideline value of Sannathi Street is Rs 550 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 53 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, marking an overall increase of +938% over the years.

What is the classification of Sannathi Street?

Sannathi Street is classified as Residential Class II Type - I within the Poonamallee SRO.

Where can I find the registration office for Sannathi Street?

The registration office covering Sannathi Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for properties in Sannathi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.