Guideline Value for Annai Road In Annai Sathya Nagar

Annai Road In Annai Sathya Nagar guideline value

The current guideline value of Annai Road in Annai Sathya Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Annai Road In Annai Sathya Nagar has changed

Over the years, the guideline value of Annai Road has seen several revisions. Starting from the 2007 revision, the value was Rs 600 per sq.ft. It increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, it decreased to Rs 804 per sq.ft in 2017, reflecting a decline of 33%. The value then saw a significant increase to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft in 2024, an increase of 8% from the previous year. The register has no figures for the years 2002 and 2003 for this street.

To summarize the changes: from 2007 to 2024, the overall increase is 117%. The guideline value rose by 49% from 2017 to 2023, while the increase from 2012 to 2017 was a decline of 33%. The value has fluctuated significantly over the years, reflecting various market conditions.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that Annai Road's current value is below the median.

• Annai Sandya Nagar 1st street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 2nd street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 4th street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 5th street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 6th street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Road In Annai Sathya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Road In Annai Sathya Nagar?

The Sub Registrar Office that covers Annai Road in Annai Sathya Nagar is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property transaction occurs, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of their transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Annai Road In Annai Sathya Nagar?

The current guideline value of Annai Road in Annai Sathya Nagar is Rs 1,300 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 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

What is the land classification for Annai Road In Annai Sathya Nagar?

Annai Road in Annai Sathya Nagar falls under the Residential Class II Type - I land classification.

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

For a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers this area?

The Royapuram Sub Registrar Office covers Annai Road in Annai Sathya Nagar, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.