Guideline Value for ANNAI SATHYA NAGAR

Annai Sathya Nagar guideline value

The current guideline value of Annai Sathya Nagar, located in Thirumani village, is Rs 500 per sq.ft. This value is effective from 1 July 2024 and falls under the Chengleput Joint I SRO, classified as Residential Special Type - I.

How the guideline value of Annai Sathya Nagar has changed

Since the 2012 revision, the guideline value for Annai Sathya Nagar has seen a fluctuation, starting at Rs 500 per sq.ft in 2012, then decreasing to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in both the 2023 and 2024 revisions, resulting in a 49% increase from 2017 to 2023. Notably, there have been no changes in the guideline value from 2023 to 2024, maintaining the rate at Rs 500 per sq.ft.

The guideline register does not provide figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value remains unchanged at Rs 500 per sq.ft.

Guideline values in Thirumani

In Thirumani, there are seven streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 601 per sq.ft. The guideline value for Annai Sathya Nagar aligns with the median value of Rs 500 per sq.ft.

• Krishnamurthi Nagar: Rs 601 per sq.ft (2024)
• Malar Avenue: Rs 400 per sq.ft (2024)
• PTN EnClave: Rs 500 per sq.ft (2024)
• SathyaGiraganagar: Rs 601 per sq.ft (2024)
• Sri Sai Garden: Rs 601 per sq.ft (2024)
• Thirumalai Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, resulting in a total of Rs 45,000. It is important to note that 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?

The Sub Registrar Office that covers Annai Sathya Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Thirumani, ensuring that properties are registered at a standardized value. This value is crucial for calculating stamp duty and registration fees, which are mandatory during property transactions.

When buying or selling property, the guideline value is used to determine the applicable fees, ensuring transparency and consistency in the registration process. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar?

The current guideline value of Annai Sathya Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a decrease to Rs 335 per sq.ft in 2017 and a subsequent increase back to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for Annai Sathya Nagar?

Annai Sathya Nagar is classified as Residential Special Type - I under the Chengleput Joint I SRO.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Annai Sathya Nagar?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the relevant link.