Guideline Value for Annai Sathiya Nagar 2nd Street

Annai Sathiya Nagar 2nd Street guideline value

The current guideline value of Annai Sathiya Nagar 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

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

Over the years, the guideline value for Annai Sathiya Nagar 2nd Street has seen several revisions. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 275% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 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 total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft as of 2024. The median guideline value in this area is Rs 4,900 per sq.ft, making the 2024 figure for Annai Sathiya Nagar 2nd Street below the median.

• Annai Sathiya Nagar 2nd Main road: 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 4th Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and 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 Street?

The Sub Registrar Office that covers Annai Sathiya Nagar 2nd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. For more details, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. 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 stamp duties and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory costs in any property transaction.

Frequently asked questions

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

The current guideline value of Annai Sathiya Nagar 2nd Street 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 changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a total increase of 313% over the years.

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 is Rs 2,31,000 and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office is responsible for Annai Sathiya Nagar 2nd Street?

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

What is the land classification for Annai Sathiya Nagar 2nd Street?

The land classification for Annai Sathiya Nagar 2nd Street is Residential Class IV Type - II, indicating its designated use for residential purposes.