Guideline Value for ANNAI SATHIYA NAGAR

Annai Sathiya Nagar guideline value

The current guideline value of Annai Sathiya Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Iyaampettai village under the Walajabad SRO, classified as Residential Class I Type - I.

How the guideline value of Annai Sathiya Nagar has changed

The guideline value for Annai Sathiya Nagar has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 500 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 335 per sq.ft, marking a decline of 33%. The 2023 revision brought the value back up to Rs 500 per sq.ft, and the most recent revision in 2024 increased it further to Rs 550 per sq.ft, reflecting a 10% rise from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The value jumped significantly from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, representing a 49% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Iyaampettai

In Iyaampettai village, there are 12 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 275 to Rs 660 per sq.ft. The median value for these streets is Rs 550 per sq.ft, making the guideline value for Annai Sathiya Nagar equal to this median.

• Annai Sathya Nagar: Rs 550 per sq.ft (2024)
• Annai Kamatchi Nagar: Rs 440 per sq.ft (2024)
• Annai Kamatchiamman Nagar: Rs 660 per sq.ft (2024)
• Kanthapar Nagar: Rs 275 per sq.ft (2024)
• Kanthappar Street: Rs 550 per sq.ft (2024)
• Kezh Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathiya Nagar

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, bringing the total fees together to Rs 49,500. It is important to note that 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 details.

Which Sub Registrar Office covers Annai Sathiya Nagar?

The Sub Registrar Office that covers Annai Sathiya Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Iyaampettai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Annai Sathiya Nagar?

The current guideline value of Annai Sathiya Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most significant changes occurring between 2017 and 2023, where it increased from Rs 335 per sq.ft to Rs 500 per sq.ft. The latest revision in 2024 further increased it to Rs 550 per sq.ft.

What is the land classification for Annai Sathiya Nagar?

Annai Sathiya Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 49,500.

Where is the Sub Registrar Office for Annai Sathiya Nagar located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, and it handles all registrations for Annai Sathiya Nagar.