Guideline Value for Annai Sathiya Nagar 1st Street

Annai Sathiya Nagar 1st Street guideline value

The current guideline value of Annai Sathiya Nagar 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Class II Type - I.

How the guideline value of Annai Sathiya Nagar 1st Street has changed

Looking back at the historical revisions, the guideline value for Annai Sathiya Nagar 1st Street has seen several changes. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, this value decreased to Rs 1,675 per sq.ft in the 2017 revision, reflecting a drop of 33%. The latest revision in 2024 shows the value has risen again to Rs 2,700 per sq.ft, representing a 61% increase from the 2017 figure.

It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 286%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, making the current value of Annai Sathiya Nagar 1st Street below this median.

• Annai Sathiya Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Annai Nagar: Rs 2,700 per sq.ft (2024)
• Annai Tharesa Nagar: Rs 2,700 per sq.ft (2024)
• Annai Indira Nagar Extension: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathiya Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Sathiya Nagar 1st Street?

The Sub Registrar Office that covers Annai Sathiya Nagar 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kolathur. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction. It is essential for both parties to be aware of this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Annai Sathiya Nagar 1st Street?

The current guideline value of Annai Sathiya Nagar 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 286% over the years.

What is the land classification of Annai Sathiya Nagar 1st Street?

Annai Sathiya Nagar 1st Street is classified as Residential Class II Type - I.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Annai Sathiya Nagar 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.