Guideline Value for Annai Sathiya Nagar 5th Street

Annai Sathiya Nagar 5th Street guideline value

The current guideline value of Annai Sathiya Nagar 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Annai Sathiya Nagar 5th Street has changed

Since the 2012 revision, the guideline value for Annai Sathiya Nagar 5th Street has remained stable at Rs 2,000 per sq.ft until the 2023 revision. The 2023 revision saw an increase to Rs 2,200 per sq.ft, marking a 10% rise from the previous year. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. The guideline value remained at Rs 2,000 per sq.ft from 2012 to 2023, showing no change during that period.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as of 2024. The median guideline value in this area is Rs 2,700 per sq.ft, indicating that the guideline value for Annai Sathiya Nagar 5th Street is below this median.

• Annai Sathiya Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathiya Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty, charged at 7%, would amount to Rs 1,54,000, and the registration fee, charged at 2%, would be Rs 44,000. Together, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annai Sathiya Nagar 5th Street?

The Sub Registrar Office that covers Annai Sathiya Nagar 5th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the value of the property in the context of the local market. It is essential for ensuring transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Annai Sathiya Nagar 5th Street?

The current guideline value of Annai Sathiya Nagar 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,000 per sq.ft from 2012 to 2023, and then increased to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification of Annai Sathiya Nagar 5th Street?

Annai Sathiya Nagar 5th Street is classified as Residential Class II Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.