Guideline Value for ANNAI SATHYA BAZAAR STREET

Annai Sathya Bazaar Street guideline value

The current guideline value of Annai Sathya Bazaar Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO, and the land classification is Residential Special Type - I.

How the guideline value of Annai Sathya Bazaar Street has changed

Over the years, the guideline value of Annai Sathya Bazaar Street has experienced several revisions. In 2002, the guideline value was Rs 2,330 per sq.ft. This figure increased to Rs 3,200 per sq.ft in 2003, marking a 37% rise. The value then rose by 25% to Rs 4,000 per sq.ft in 2007. Following this, in 2012, the value increased significantly to Rs 10,000 per sq.ft, reflecting a 150% jump. However, in 2017, the value dropped to Rs 6,700 per sq.ft, showing a decrease of 33%. The value saw a substantial increase to Rs 10,000 per sq.ft in 2023, followed by another rise to the current value of Rs 11,000 per sq.ft in 2024, which is a 10% increase.

From 2017 to 2023, there was a 49% increase in the guideline value. Overall, from 2002 to 2024, the increase has been 372%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value is Rs 11,000 per sq.ft, which is equal to the current value of Annai Sathya Bazaar Street.

• Anna Street: Rs 8,300 per sq.ft (2024)
• Ananthan Street: Rs 11,000 per sq.ft (2024)
• Amudham Colony: Rs 6,600 per sq.ft (2024)
• Arcot Road: Rs 14,300 per sq.ft (2024)
• Arcot Street: Rs 14,300 per sq.ft (2024)
• Arulambal Street: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Bazaar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, making the total Rs 9,90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Sathya Bazaar Street?

The Sub Registrar Office covering Annai Sathya Bazaar Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Tnagar. It serves as a benchmark for determining the minimum value at which a property can be registered. When selling or buying property, the guideline value ensures that the transaction is recorded accurately in the official register.

Additionally, the guideline value influences the stamp duty and registration fees applicable to the property. Buyers and sellers must consider this value to understand the financial implications of their transactions effectively.

Frequently asked questions

What is the current guideline value of Annai Sathya Bazaar Street?

The current guideline value of Annai Sathya Bazaar Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 2,330 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 372% over this period.

What is the stamp duty for property in Annai Sathya Bazaar Street?

The stamp duty for property in Annai Sathya Bazaar Street is 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 7,70,000.

Where can I find the Sub Registrar Office for Annai Sathya Bazaar Street?

The Sub Registrar Office for Annai Sathya Bazaar Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

What is the land classification for Annai Sathya Bazaar Street?

The land classification for Annai Sathya Bazaar Street is Residential Special Type - I, which indicates its designated use for residential purposes.