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 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - III.

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

Over the years, the guideline value for Annai Sathya Nagar 1st Street has seen several revisions. The earliest recorded revision is from 2007, where the value was Rs 900 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 233%. However, the value decreased to Rs 2,010 per sq.ft in 2017, representing a decline of 33%. The guideline value then rose sharply to Rs 3,000 per sq.ft in 2023, and most recently to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Annai Sathya Nagar 1st Street's 2024 figure below that median.

• Annai Sathya Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Annai Sathya Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Annai Sathya Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Annai Sathya Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Andhu Street: Rs 8,800 per sq.ft (2024)
• Andal Nainiyappan Street: Rs 8,800 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, 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 Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the regulations set by the Registration Department.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on either 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 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 900 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 267% over this period.

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

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

Where can I find the Mylapore Sub Registrar Office?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is the stamp duty calculated for properties in Annai Sathya Nagar 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 2,97,000.