Guideline Value for ANNAI SATHYA NAGAR

Annai Sathya Nagar guideline value

The current guideline value of Annai Sathya Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This locality is situated in Iyaampettai village, under the Walajabad SRO, and is classified as Residential Special Type - III.

How the guideline value of Annai Sathya Nagar has changed

The guideline value for Annai Sathya Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision and further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 to 2023 revision, there was a notable increase of 49%. Overall, from the 2012 to 2024 revisions, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Iyaampettai

In Iyaampettai, there are 12 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 660 per sq.ft. The median value of these streets is Rs 550 per sq.ft, positioning Annai Sathya Nagar above that median.

• Annai Sathiya Nagar: Rs 550 per sq.ft (2024)
• Annai Kamatchi Nagar: Rs 440 per sq.ft (2024)
• Annai Kamatchiamman Nagar: Rs 660 per sq.ft (2024)
• Kanthapar Nagar: Rs 275 per sq.ft (2024)
• Kanthappar Street: Rs 550 per sq.ft (2024)
• Kezh Street: Rs 550 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to 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 further calculations.

Which Sub Registrar Office covers Annai Sathya Nagar?

The Sub Registrar Office that covers Annai Sathya Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for determining the minimum price at which a property can be sold or registered in Iyaampettai. When a buyer and seller agree on a sale price, the stamp duty and registration fees are calculated based on the higher of the guideline value or the agreed sale price.

This ensures that the government receives the appropriate revenue from property transactions. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar?

The current guideline value of Annai Sathya Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the median guideline value for streets in Iyaampettai?

The median guideline value for the 12 streets in Iyaampettai under the Walajabad SRO is Rs 550 per sq.ft.

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

For a property valued at Rs 6,60,000, the stamp duty is Rs 46,200 and the registration fee is Rs 13,200, totaling Rs 59,400.

Which office handles property registrations in Annai Sathya Nagar?

The Walajabad Sub Registrar Office handles property registrations in Annai Sathya Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.