Guideline Value for ANNAI SATHYA NAGAR 6TH STREET

Annai Sathya Nagar 6th Street guideline value

The current guideline value of Annai Sathya Nagar 6th 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 6th Street has changed

The guideline value for Annai Sathya Nagar 6th 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% increase. The value saw a significant rise to Rs 900 per sq.ft in 2007, reflecting a 43% increase. By 2012, the value was Rs 3,500 per sq.ft, which was a substantial 289% increase from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 2,345 per sq.ft, representing a 33% decline. However, it rebounded to Rs 3,500 per sq.ft in 2023, and then further increased to the current value of Rs 3,800 per sq.ft in 2024, which is a 9% rise. The overall change from 2002 to 2024 shows an increase of 562% in the guideline value.

Guideline values in Puliyur

In Puliyur, 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, indicating that the 2024 figure for Annai Sathya Nagar 6th Street is below this median.

• Annai Sathya Nagar 7th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 5th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 8th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 4th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 9th 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 6th 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 be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Sathya Nagar 6th Street?

The Sub Registrar Office that covers Annai Sathya Nagar 6th 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 details.

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

The guideline value is an essential 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 is documented accurately in accordance with legal requirements.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are based on the guideline value or the sale price, whichever is higher. This ensures transparency and compliance in property dealings.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 6th Street?

The current guideline value of Annai Sathya Nagar 6th 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 increased from Rs 574 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, showing a total increase of 562% over this period.

What are the stamp duty and registration fees for property in Annai Sathya Nagar 6th Street?

For a 1,000 sq.ft plot, 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 in this area?

The Kodambakkam Sub Registrar Office handles property registration for Annai Sathya Nagar 6th Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties and to calculate the applicable stamp duty and registration fees based on the higher of the guideline value or the sale price.