Guideline Value for ANNAI SATHYA NAGAR EXTENSION

Annai Sathya Nagar Extension guideline value

The current guideline value for Annai Sathya Nagar Extension is Rs 3,100 per sq.ft, effective from 1 July 2024. This area is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Annai Sathya Nagar Extension has changed

The guideline value for Annai Sathya Nagar Extension has seen several revisions over the years. Starting from Rs 1,100 per sq.ft in 2007, it increased significantly to Rs 2,800 per sq.ft in 2012. However, there was a decrease to Rs 1,876 per sq.ft in 2017. Following this, the value rose to Rs 2,800 per sq.ft in 2023 and reached the current value of Rs 3,100 per sq.ft in 2024. The register has no figure for this street for the years 2002 and 2003.

In terms of percentage changes, the guideline value increased by 155% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 11%. Overall, from 2007 to 2024, the guideline value has increased by 182%.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,100 per sq.ft, which is equal to the current guideline value for Annai Sathya Nagar Extension.

• Annai Sathya Nagar: Rs 3,100 per sq.ft (2024)
• Annai Sathiya Nagar Main Road: Rs 3,100 per sq.ft (2024)
• Annai Sathiya Nagar First Cross Street: Rs 3,100 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Cross Street: Rs 3,100 per sq.ft (2024)
• Annai Sathiya Nagar 1 to 11 Street: Rs 3,100 per sq.ft (2024)
• Annai Indira Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty, calculated at 7%, would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total fees to Rs 2,79,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sathya Nagar Extension?

The Sub Registrar Office that covers Annai Sathya Nagar Extension is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ramapuram. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that all transactions adhere to the regulatory framework set by the Registration Department.

Frequently asked questions

What is the current guideline value for Annai Sathya Nagar Extension?

The current guideline value for Annai Sathya Nagar Extension is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,100 per sq.ft in 2007 to Rs 3,100 per sq.ft in 2024, reflecting an overall increase of 182% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000, and the registration fee would be Rs 62,000, totaling Rs 2,79,000.

Which office handles property registrations in Ramapuram?

The Chennai South Joint II Sub Registrar Office handles property registrations in Ramapuram, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value for streets in Ramapuram?

The median guideline value for streets in Ramapuram is Rs 3,100 per sq.ft, which is the same as the current value for Annai Sathya Nagar Extension.