Guideline Value for ANNAI SATHYA NAGAR 11TH STREET

Annai Sathya Nagar 11th Street guideline value

The current guideline value of Annai Sathya Nagar 11th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and falls under the Residential Class IV Type - III land classification.

How the guideline value of Annai Sathya Nagar 11th Street has changed

The guideline value for Annai Sathya Nagar 11th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 574 per sq.ft. This increased to Rs 631 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 900 per sq.ft in 2007, which was a 43% change. Following that, the value surged dramatically to Rs 3,500 per sq.ft in 2012, reflecting a 289% increase. However, the value dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The guideline value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 562%. Notably, there are no figures available for the revisions in the years not mentioned in the register for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, indicating that the guideline value of Annai Sathya Nagar 11th Street is below the median.

• Annai Sathya Nagar 10th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 12th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 13th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 14th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 2nd Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annai Sathya Nagar 11th Street?

The Sub Registrar Office that covers Annai Sathya Nagar 11th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate revenue from the sale. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 11th Street?

The current guideline value of Annai Sathya Nagar 11th Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 574 per sq.ft to Rs 3,800 per sq.ft in 2024, marking an overall increase of 562%.

What is the median guideline value in Puliyur village?

The median guideline value for the 648 streets in Puliyur village is Rs 5,800 per sq.ft, which is higher than the guideline value of Annai Sathya Nagar 11th Street.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 3,42,000.

Which office handles property registrations for Annai Sathya Nagar 11th Street?

The Kodambakkam Sub Registrar Office handles property registrations for Annai Sathya Nagar 11th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.