Guideline Value for Annai Sathiya Nagar 2nd Main road

Annai Sathiya Nagar 2nd Main road guideline value

The current guideline value of Annai Sathiya Nagar 2nd Main road is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under Kodambakkam village and is classified as Residential Class IV Type - II, with the Ashok Nagar SRO overseeing the registration process.

How the guideline value of Annai Sathiya Nagar 2nd Main road has changed

Over the years, the guideline value for Annai Sathiya Nagar 2nd Main road has seen significant changes. The 2007 revision set the value at Rs 800 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, this value decreased by 33% to Rs 2,010 per sq.ft in 2017. The trend reversed in the following years, with the value rising to Rs 3,000 per sq.ft in 2023, and further increasing by 10% to the current rate of Rs 3,300 per sq.ft in 2024.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Kodambakkam

Kodambakkam village has a range of guideline values across its 1,031 streets, with the 2024 figures varying from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, indicating that Annai Sathiya Nagar 2nd Main road's current value is below the median.

• Annai Sathiya Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 5th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathiya Nagar 2nd Main road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is essential to note that 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 2nd Main road?

The Sub Registrar Office that covers Annai Sathiya Nagar 2nd Main road is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

Understanding the guideline value helps ensure that both buyers and sellers are aware of the official valuation of the property, which can impact the overall transaction costs involved in property dealings.

Frequently asked questions

What is the current guideline value of Annai Sathiya Nagar 2nd Main road?

The current guideline value of Annai Sathiya Nagar 2nd Main road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 313% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office is responsible for property registration in this area?

The Ashok Nagar Sub Registrar Office is responsible for property registration in Annai Sathiya Nagar 2nd Main road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, indicating that Annai Sathiya Nagar 2nd Main road's value is below this median.