Guideline Value for Annai Sathiya Nagar (TNSCB)

Annai Sathiya Nagar (TNSCB) guideline value

The current guideline value for Annai Sathiya Nagar (TNSCB) is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village and falls under the Ambattur SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Annai Sathiya Nagar (TNSCB) has changed

The guideline value for Annai Sathiya Nagar (TNSCB) has seen several revisions over the years. The 2012 revision set the value at Rs 2,600 per sq.ft, which was later reduced to Rs 1,742 per sq.ft in the 2017 revision. Subsequently, the value increased to Rs 2,600 per sq.ft in the 2023 revision and further rose to Rs 2,800 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 has been an increase of 8%, reflecting the current guideline value of Rs 2,800 per sq.ft.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value for Annai Sathiya Nagar (TNSCB) is below this median.

• Annaitherasa Street: Rs 1,400 per sq.ft (2024)
• Anna Cross Street (Venkatapuram): Rs 4,000 per sq.ft (2024)
• Annastreet (Ramapuram): Rs 3,600 per sq.ft (2024)
• Annastreet (Thiruvalluar Nagar 16th Ward): Rs 1,400 per sq.ft (2024)
• Anna Street (venkatapuram): Rs 4,000 per sq.ft (2024)
• Annibesant Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathiya Nagar (TNSCB)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total cost for these charges Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sathiya Nagar (TNSCB)?

The Sub Registrar Office that covers Annai Sathiya Nagar (TNSCB) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, both the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with legal requirements and helps in the smooth processing of property transfers.

Frequently asked questions

What is the current guideline value for Annai Sathiya Nagar (TNSCB)?

The current guideline value for Annai Sathiya Nagar (TNSCB) is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,600 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, marking an increase of 8%. It was Rs 1,742 per sq.ft in 2017 and Rs 2,600 per sq.ft in 2012.

What is the land classification for Annai Sathiya Nagar (TNSCB)?

The land classification for Annai Sathiya Nagar (TNSCB) is Residential Class II Type - II.

Where can I find the Sub Registrar Office for Annai Sathiya Nagar (TNSCB)?

The Sub Registrar Office for Annai Sathiya Nagar (TNSCB) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Annai Sathiya Nagar (TNSCB)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty at 7% would amount to Rs 1,96,000.