Guideline Value for Annai Sandya Nagar 7th street

Annai Sandya Nagar 7th street guideline value

The current guideline value of Annai Sandya Nagar 7th street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Annai Sandya Nagar 7th street has changed

The guideline value for Annai Sandya Nagar 7th street has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, this value dropped by 33% to Rs 804 per sq.ft in 2017. The value then rose significantly to Rs 1,200 per sq.ft in 2023, before reaching the current rate of Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year.

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

Guideline values in Tondaiarpet

In Tondaiarpet village, 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, indicating that the 2024 figure for Annai Sandya Nagar 7th street is below this median.

• Annai Sandya Nagar 6th street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 8th Street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 5th street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 4th street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Annai Sandya Nagar 2nd street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sandya Nagar 7th 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 cost 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 7th street?

The Annai Sandya Nagar 7th street falls under the jurisdiction of 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 the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps in determining the legal value of the property, which is essential for the registration process. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Annai Sandya Nagar 7th street?

The current guideline value of Annai Sandya Nagar 7th 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 role of the Royapuram SRO?

The Royapuram Sub Registrar Office is responsible for the registration of property transactions in the area, including the enforcement of the guideline value for calculating stamp duty and registration fees.

How is stamp duty calculated in Annai Sandya Nagar 7th street?

Stamp duty in Annai Sandya Nagar 7th street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 13,00,000, the stamp duty would be Rs 91,000.

What are the other streets in Tondaiarpet with the same guideline value?

Other streets in Tondaiarpet, such as Annai Sandya Nagar 2nd, 3rd, 4th, 5th, 6th, and 8th streets, all have a guideline value of Rs 1,300 per sq.ft for 2024.