Guideline Value for ANNAI SATHYA NAGAR 5TH STREET

Annai Sathya Nagar 5th Street guideline value

The current guideline value of Annai Sathya Nagar 5th 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 5th Street has changed

The guideline value for Annai Sathya Nagar 5th 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 had significantly risen to Rs 900 per sq.ft, reflecting a 43% increase. The value saw a substantial jump to Rs 3,500 per sq.ft in 2012, an increase of 289%. However, it then decreased to Rs 2,345 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value rose to Rs 3,500 per sq.ft, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, which is a 9% increase from the previous year. There are no figures available for other revisions for this street in the register.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values 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 5th Street's 2024 figure below that median.

• Annai Sathya Nagar 4th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 6th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 7th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 3rd Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 8th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 9th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Nagar 5th 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, leading to a total of Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sathya Nagar 5th Street?

The Sub Registrar Office that covers Annai Sathya Nagar 5th 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 when registering property in Puliyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the established rates in the area.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency in the transaction process and helps in determining the applicable fees.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 5th Street?

The current guideline value of Annai Sathya Nagar 5th 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 seen several revisions, 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 classification of land in Annai Sathya Nagar 5th Street?

Annai Sathya Nagar 5th Street is classified as Residential Class IV Type - III.

What are the stamp duty and registration fees for property 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 covers this street?

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