Guideline Value for Annai Sathiya Nagar 4th Street

Annai Sathiya Nagar 4th Street guideline value

The current guideline value of Annai Sathiya Nagar 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Annai Sathiya Nagar 4th Street has changed

The guideline value for Annai Sathiya Nagar 4th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a drop of 33%. The value then saw a substantial increase to Rs 2,500 per sq.ft in 2023, which was a 49% rise from the previous figure.

As of the 2024 revision, the guideline value stands at Rs 2,700 per sq.ft, representing an 8% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 286%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Annai Sathiya Nagar 4th Street is below this median.

• Annai Sathiya Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Annai Sathiya Nagar 1st 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value is Rs 27,00,000. The stamp duty, charged at 7%, amounts to Rs 1,89,000, while the registration fee at 2% is Rs 54,000. Together, these fees total Rs 2,43,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Annai Sathiya Nagar 4th Street?

The Sub Registrar Office that covers Annai Sathiya Nagar 4th 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 serves as a benchmark for determining the minimum value of a property, which is used to calculate stamp duty and registration fees at the time of registration. Buyers and sellers must be aware of this value as it can impact the overall costs involved in a property transaction.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Annai Sathiya Nagar 4th Street?

The current guideline value of Annai Sathiya Nagar 4th 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 significantly 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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office handles registrations for Annai Sathiya Nagar 4th Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Annai Sathiya Nagar 4th Street.

What is the land classification for Annai Sathiya Nagar 4th Street?

The land classification for Annai Sathiya Nagar 4th Street is Residential Class II Type - I.