Guideline Value for ANNAI SATHYA NAGAR 2ND STREET

Annai Sathya Nagar 2nd Street guideline value

The current guideline value of Annai Sathya Nagar 2nd 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 2nd Street has changed

The guideline value for Annai Sathya Nagar 2nd Street has undergone several revisions over the years. In 2002, the value was Rs 574 per sq.ft, which increased to Rs 631 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 900 per sq.ft in 2007, reflecting a 43% increase. By 2012, the guideline value remained stable at Rs 3,500 per sq.ft, with no change noted until the 2023 revision, which also retained the value at Rs 3,500 per sq.ft.

The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, representing a 9% increase from the previous year. 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 a median value of Rs 5,800 per sq.ft. The guideline value of Annai Sathya Nagar 2nd Street is below this median.

• Annai Sathya Nagar 3rd Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 4th Street: Rs 3,800 per sq.ft (2024)
• 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 5th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Nagar 2nd 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 and 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 2nd Street?

The Sub Registrar Office that covers Annai Sathya Nagar 2nd 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 during the registration of property transactions in Puliyur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs involved in the transaction process. Accurate knowledge of these values ensures compliance with local regulations and helps in the smooth execution of property deals.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 2nd Street?

The current guideline value of Annai Sathya Nagar 2nd 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 are the stamp duty and registration fees for property transactions?

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 office handles property registration for Annai Sathya Nagar 2nd Street?

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

What is the land classification for Annai Sathya Nagar 2nd Street?

Annai Sathya Nagar 2nd Street is classified as Residential Class IV Type - III, indicating its designation for residential use.