Guideline Value for ANNAI SATHYA NAGAR 12TH STREET

Annai Sathya Nagar 12th Street guideline value

The current guideline value of Annai Sathya Nagar 12th 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 12th Street has changed

The guideline value for Annai Sathya Nagar 12th 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. By 2007, the value saw a significant jump to Rs 900 per sq.ft, which was an increase of 43%. The 2012 revision brought the value to Rs 3,500 per sq.ft, reflecting a substantial increase of 289% from the previous revision. However, in 2017, the value decreased to Rs 2,345 per sq.ft, showing a decline of 33%. The guideline value then rose to Rs 3,500 per sq.ft in 2023, and finally, it reached Rs 3,800 per sq.ft in the 2024 revision, which is a 9% increase from the previous year.

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

Guideline values in Puliyur

In Puliyur, 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, placing Annai Sathya Nagar 12th Street's 2024 figure below that median.

• Annai Sathya Nagar 11th 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 10th 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 12th 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 cost 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 information.

Which Sub Registrar Office covers Annai Sathya Nagar 12th Street?

The Sub Registrar Office that covers Annai Sathya Nagar 12th 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal purposes.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Annai Sathya Nagar 12th Street?

The current guideline value for Annai Sathya Nagar 12th Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, starting from Rs 574 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 562% during this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office handles registrations for this street?

The Kodambakkam Sub Registrar Office handles registrations for Annai Sathya Nagar 12th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum registration value for properties. Stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher.