Guideline Value for Annai Santhiya Street

Annai Santhiya Street guideline value

The current guideline value of Annai Santhiya Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - III.

How the guideline value of Annai Santhiya Street has changed

Over the years, the guideline value of Annai Santhiya Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. This was followed by a significant increase in the 2023 revision, bringing the value back up to Rs 600 per sq.ft, which has remained the same in the 2024 revision.

From the 2017 to 2023 revision, the guideline value increased by 49%. However, the overall change from the 2012 revision to the 2024 revision shows no change, as the value remains at Rs 600 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Molachoor

In Molachoor, there are a total of 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value among these streets is Rs 600 per sq.ft, which is equal to the guideline value of Annai Santhiya Street.

• Annai Santhiya Nagar: Rs 605 per sq.ft (2024)
• Annai Nagar-V: Rs 500 per sq.ft (2024)
• Annai Nagar-IV: Rs 500 per sq.ft (2024)
• Annai Nagar-III: Rs 500 per sq.ft (2024)
• Annai Nagar -II: Rs 500 per sq.ft (2024)
• Annai Nagar-I: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Santhiya Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Annai Santhiya Street?

The Sub Registrar Office that covers Annai Santhiya Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Molachoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When a buyer or seller engages in a property transaction, the guideline value helps determine the minimum value at which the property can be registered. This means that even if the sale price is lower than the guideline value, the duty will be calculated based on the guideline value.

Frequently asked questions

What is the current guideline value of Annai Santhiya Street?

The current guideline value of Annai Santhiya Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft in both the 2023 and 2024 revisions, while it decreased to Rs 402 per sq.ft in 2017 from Rs 600 per sq.ft in 2012.

What is the classification of land on Annai Santhiya Street?

Annai Santhiya Street is classified as Residential Special Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Annai Santhiya Street?

The Sub Registrar Office for Annai Santhiya Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Molachoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 6,00,000, the stamp duty at 7% would be Rs 42,000.