Guideline Value for Annai Sathiya Nagar 6th Street

Annai Sathiya Nagar 6th Street guideline value

The current guideline value for Annai Sathiya Nagar 6th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Annai Sathiya Nagar 6th Street has changed

Looking at the revisions, the guideline value for Annai Sathiya Nagar 6th Street has remained stable at Rs 2,000 per sq.ft from 2012 until the 2023 revision. In 2023, the value increased to Rs 2,200 per sq.ft, marking a 10% rise. The 2024 revision reflects this same value of Rs 2,200 per sq.ft, indicating a consistent rate since the last revision.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Annai Sathiya Nagar 6th Street is below this median.

• Annai Sathiya Nagar 5th 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 4th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathiya Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost 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 6th Street?

The Sub Registrar Office that covers Annai Sathiya Nagar 6th 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 plays a crucial role in the registration process of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. If the sale price is higher than the guideline value, the stamp duty and registration fees are calculated based on the sale price. This ensures that all transactions are conducted transparently and in accordance with government regulations.

Frequently asked questions

What is the current guideline value for Annai Sathiya Nagar 6th Street?

The current guideline value for Annai Sathiya Nagar 6th 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 stable at Rs 2,000 per sq.ft from 2012 until 2023, when it increased to Rs 2,200 per sq.ft. There have been no figures available for the years 2002, 2003, 2007, and 2017.

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

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000, and the registration fee is Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Annai Sathiya Nagar 6th Street?

The Madhavaram Sub Registrar Office is responsible for registrations in Annai Sathiya Nagar 6th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Annai Sathiya Nagar 6th Street?

The land classification for Annai Sathiya Nagar 6th Street is Residential Class II Type - I, indicating its suitability for residential development.