Guideline Value for Annai Sandhya Nagar

Annai Sandhya Nagar guideline value

The current guideline value of Annai Sandhya Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Annai Sandhya Nagar has changed

The guideline value for Annai Sandhya Nagar has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 2,000 per sq.ft. This figure increased to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous value.

There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023 for this street. The only recorded changes are from the 2012 and 2024 revisions.

Guideline values in Kodungaiyur

Kodungaiyur village has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as of 2024. The median guideline value in this area is Rs 2,700 per sq.ft, placing Annai Sandhya Nagar's current guideline value below that median.

• Annai Sathiya Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 8th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sandhya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total cost of Rs 1,98,000. 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 Sandhya Nagar?

The Madhavaram Sub Registrar Office covers Annai Sandhya Nagar. The office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees during the transaction.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating stamp duty.

Frequently asked questions

What is the current guideline value of Annai Sandhya Nagar?

The current guideline value of Annai Sandhya Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, which is a 10% increase. There are no recorded figures for the revisions in 2002, 2003, 2007, 2017, and 2023 for this street.

What are the guideline values for other streets in Kodungaiyur?

Other streets in Kodungaiyur have guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. Annai Sandhya Nagar's guideline value is below the median of Rs 2,700 per sq.ft.

What are the stamp duty and registration fees for properties in Annai Sandhya Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total cost would be Rs 1,98,000.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. It is the office responsible for property registrations in Annai Sandhya Nagar.