Guideline Value for ANNAI SATHYA NAGAR 13TH STREET

Annai Sathya Nagar 13th Street guideline value

The current guideline value of Annai Sathya Nagar 13th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class IV Type - III.

How the guideline value of Annai Sathya Nagar 13th Street has changed

The guideline value for Annai Sathya Nagar 13th Street has seen several revisions over the years. The earliest recorded value was Rs 574 per sq.ft in 2002, which increased to Rs 631 per sq.ft in 2003. Following this, the value rose to Rs 900 per sq.ft in 2007, and then significantly jumped to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017, before climbing to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft.

In terms of percentage changes, from 2002 to 2024, the overall increase is 562%. The guideline value rose by 10% from 2002 to 2003, followed by a 43% increase from 2003 to 2007. There was a remarkable 289% increase from 2007 to 2012, but a 33% decrease occurred from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, making the guideline value of Annai Sathya Nagar 13th Street below this median.

• Annai Sathya Nagar 14th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 12th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 11th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 10th 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 13th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annai Sathya Nagar 13th Street?

The Sub Registrar Office that covers Annai Sathya Nagar 13th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value in accordance with government regulations.

When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 13th Street?

The current guideline value of Annai Sathya Nagar 13th 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 from Rs 574 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 562% over the years.

What is the land classification for Annai Sathya Nagar 13th Street?

Annai Sathya Nagar 13th Street is classified as Residential Class IV Type - III.

Where can I find the Sub Registrar Office for Annai Sathya Nagar 13th Street?

The Kodambakkam Sub Registrar Office covers Annai Sathya Nagar 13th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price, with the current rate being 7% for stamp duty and 2% for the registration fee.