Guideline Value for Annai Sandya Nagar 5th street

Annai Sandya Nagar 5th street guideline value

The current guideline value for Annai Sandya Nagar 5th 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 5th street has changed

The guideline value for Annai Sandya Nagar 5th street has seen several revisions over the years. In the 2007 revision, 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 significantly to Rs 1,200 per sq.ft in the 2023 revision, and the latest revision in 2024 set the value at Rs 1,300 per sq.ft, an increase of 8% from the previous year.

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

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Annai Sandya Nagar 5th street's 2024 figure below this median.

• Annai Sandya Nagar 4th street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 6th street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 7th street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 2nd street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 8th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sandya Nagar 5th 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, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sandya Nagar 5th street?

The Sub Registrar Office that covers Annai Sandya Nagar 5th street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process for property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to be aware of the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for Annai Sandya Nagar 5th street?

The current guideline value for Annai Sandya Nagar 5th 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 median guideline value for streets in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, with Annai Sandya Nagar 5th street's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Annai Sandya Nagar 5th street?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,00,000, with stamp duty at Rs 91,000 and registration fees at Rs 26,000, totaling Rs 1,17,000.

Which office handles property registrations for Annai Sandya Nagar 5th street?

The Royapuram Sub Registrar Office handles property registrations for Annai Sandya Nagar 5th street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.