Guideline Value for Annai Sandya Nagar 1st street

Annai Sandya Nagar 1st street guideline value

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

How the guideline value of Annai Sandya Nagar 1st street has changed

The guideline value for Annai Sandya Nagar 1st street has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% increase. However, it then decreased to Rs 804 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 1,200 per sq.ft in 2023, and now stands at Rs 1,300 per sq.ft in 2024, representing an 8% increase.

Overall, from 2007 to 2024, the guideline value has increased by 117%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Annai Sandya Nagar 1st street is below this median.

• 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 Road In Annai Sathya Nagar: 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 Sandya Nagar 1st street

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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Sandya Nagar 1st street?

The Annai Sandya Nagar 1st street falls under 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 is a crucial factor during the registration of property transactions in Tondaiarpet. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government collects the appropriate taxes on property sales.

When buying or selling a property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Annai Sandya Nagar 1st street?

The current guideline value of Annai Sandya Nagar 1st street 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 of Annai Sandya Nagar 1st street?

Annai Sandya Nagar 1st street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Annai Sandya Nagar 1st street?

The Sub Registrar Office covering Annai Sandya Nagar 1st street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Annai Sandya Nagar 1st street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 13,00,000 would incur a stamp duty of Rs 91,000 at 7%.