Guideline Value for ANNAI SATHYA STREET

Annai Sathya Street guideline value

The current guideline value of Annai Sathya Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Chemmancheri village and falls under the Neelankarai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Annai Sathya Street has changed

Over the years, the guideline value of Annai Sathya Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 1,005 per sq.ft. In the 2023 revision, the value increased to Rs 1,500 per sq.ft, and the latest 2024 revision raised it further to Rs 1,700 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, the changes are notable. From 2017 to 2023, there was a significant increase of 49%, followed by a 13% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Chemmancheri

In Chemmancheri village, there are 195 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, placing Annai Sathya Street at the median value.

• Annamalai Garden: Rs 1,700 per sq.ft (2024)
• Anna Salai: Rs 1,700 per sq.ft (2024)
• Anna Salai 1st Street: Rs 1,700 per sq.ft (2024)
• Anna Salai 2nd Street: Rs 1,700 per sq.ft (2024)
• Anna Salai West Street: Rs 1,700 per sq.ft (2024)
• Aqua Sphero: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. 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 Street?

The Sub Registrar Office that covers Annai Sathya Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Chemmancheri. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when registering a property. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration process.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Sathya Street?

The current guideline value of Annai Sathya Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,700 per sq.ft in 2024, with notable increases in 2023 and 2024.

What is the land classification for Annai Sathya Street?

Annai Sathya Street is classified as Residential Class IV Type - I, indicating its designation for residential purposes.

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

The stamp duty is charged at 7% of the guideline value or sale price, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 1,53,000.

Where is the Sub Registrar Office for Annai Sathya Street located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.