Guideline Value for ANNAI SATHYA NAGAR 7TH STREET

Annai Sathya Nagar 7th Street guideline value

The current guideline value of Annai Sathya Nagar 7th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Annai Sathya Nagar 7th Street has changed

The guideline value for Annai Sathya Nagar 7th 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 rise of 10%. The next significant change occurred in 2007, when the value jumped to Rs 900 per sq.ft, reflecting an increase of 43%. By 2012, the guideline value had risen to Rs 3,500 per sq.ft, a substantial increase of 289%. However, this figure decreased by 33% to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current rate of Rs 3,800 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 562%. It is important to note that there are no figures available for the revisions in the years not mentioned for this street.

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 as of 2024. The median guideline value in this area is Rs 5,800 per sq.ft, indicating that the guideline value for Annai Sathya Nagar 7th Street is below this median.

• Annai Sathya Nagar 6th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 8th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 5th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 9th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 4th 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 7th 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, making the total cost for these fees Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Sathya Nagar 7th Street?

The Sub Registrar Office that covers Annai Sathya Nagar 7th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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 a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must ensure that they are aware of the current guideline value to avoid discrepancies during the registration process.

When a property is registered, the guideline value is used to calculate the necessary fees, which are mandatory for legal documentation. It is essential for both parties to understand the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 7th Street?

The current guideline value of Annai Sathya Nagar 7th 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 is the land classification for Annai Sathya Nagar 7th Street?

The land classification for Annai Sathya Nagar 7th Street is Residential Class IV Type - III.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Annai Sathya Nagar 7th Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 38,00,000, the stamp duty at 7% would be Rs 2,66,000.