Guideline Value for ANNAI SATHYA NAGAR

Annai Sathya Nagar guideline value

The current guideline value of Annai Sathya Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Annai Sathya Nagar has changed

Over the years, the guideline value for Annai Sathya Nagar has seen significant changes. In 2002, the guideline value was Rs 527 per sq.ft. This increased to Rs 581 per sq.ft in 2003, marking a 10% rise. Following this, the value rose to Rs 950 per sq.ft in 2007, which was an increase of 64%. The guideline value then saw a substantial jump to Rs 4,000 per sq.ft in 2012, reflecting a 321% increase. However, it decreased by 33% to Rs 2,680 per sq.ft in 2017. The value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

The overall change from 2002 to 2024 shows an increase of 735% in the guideline value for Annai Sathya Nagar. There are no figures available for the revisions in the years not listed in the register.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. The guideline value for Annai Sathya Nagar is below this median.

• Annamalai Maistry Street/ Annamalai Cross Street: Rs 7,000 per sq.ft (2024)
• Anna Avenue (Near Panjaliamman Koil): Rs 6,000 per sq.ft (2024)
• Anna Street: Rs 5,700 per sq.ft (2024)
• Anandavalli Street: Rs 5,300 per sq.ft (2024)
• Arignar Anna Street: Rs 5,300 per sq.ft (2024)
• Arunachalapuram Street: Rs 5,700 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 rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. 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 more details.

Which Sub Registrar Office covers Annai Sathya Nagar?

The Sub Registrar Office that covers Annai Sathya Nagar 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 information.

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

The guideline value is a crucial factor when buying or selling property in Arumbakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees. Buyers should be aware that the guideline value will influence their overall costs during the transaction.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for accurate budgeting and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar?

The current guideline value of Annai Sathya Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 527 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 735%.

What is the stamp duty rate for properties in Annai Sathya Nagar?

The stamp duty rate for properties in Annai Sathya Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

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

What are the guideline values of other streets in Arumbakkam?

Other streets in Arumbakkam have varying guideline values, with rates ranging from Rs 3,300 to Rs 16,500 per sq.ft. For example, Annamalai Maistry Street has a guideline value of Rs 7,000 per sq.ft in 2024.