Guideline Value for ANNAI SATHYA NAGAR 1ST STREET

Annai Sathya Nagar 1st Street guideline value

The current guideline value of Annai Sathya Nagar 1st 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 is classified as Residential Class IV Type - III.

How the guideline value of Annai Sathya Nagar 1st Street has changed

The guideline value for Annai Sathya Nagar 1st Street has undergone several revisions over the years. Starting from Rs 574 per sq.ft in 2002, it rose to Rs 631 per sq.ft in 2003, marking a 10% increase. By 2007, the value surged to Rs 900 per sq.ft, a significant rise of 43%. The 2012 revision maintained the value at Rs 3,500 per sq.ft, showing no change from the previous year. In 2023, the value remained at Rs 3,500 per sq.ft, but in 2024, it increased to Rs 3,800 per sq.ft, reflecting a 9% rise.

It is important to note that there is no figure available for the 2017 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 562%.

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, with the median being Rs 5,800 per sq.ft. Annai Sathya Nagar 1st Street's 2024 guideline value is below this median.

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

Stamp duty and registration fee for property in Annai Sathya Nagar 1st 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 cost for these fees to Rs 3,42,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Sathya Nagar 1st Street?

The Sub Registrar Office covering Annai Sathya Nagar 1st 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 is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

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

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 1st Street?

The current guideline value of Annai Sathya Nagar 1st 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 from Rs 574 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 562% over this period.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 38,00,000, the total fees would amount to Rs 3,42,000.

Which Sub Registrar Office covers Annai Sathya Nagar 1st Street?

The Kodambakkam Sub Registrar Office covers Annai Sathya Nagar 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Annai Sathya Nagar 1st Street?

Annai Sathya Nagar 1st Street is classified as Residential Class IV Type - III.