Guideline Value for Annai Sathiya Nagar 7th Street

Annai Sathiya Nagar 7th Street guideline value

The current guideline value of Annai Sathiya Nagar 7th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Annai Sathiya Nagar 7th Street has changed

Over the years, the guideline value of Annai Sathiya Nagar 7th Street has seen a few revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 2,000 per sq.ft. The most recent revision in 2024 increased the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

It is important to note that 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, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, indicating that the 2024 guideline value of Annai Sathiya Nagar 7th Street is below this median.

• Annai Sathiya Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathiya Nagar 5th 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 Sathya Nagar 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathiya Nagar 7th 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, bringing the total cost for these fees to 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 further calculations.

Which Sub Registrar Office covers Annai Sathiya Nagar 7th Street?

The Sub Registrar Office that covers Annai Sathiya Nagar 7th 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 in property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Sathiya Nagar 7th Street?

The current guideline value of Annai Sathiya Nagar 7th 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 increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024. There was no change between 2012 and 2023, but a 10% increase occurred from 2023 to 2024.

What are the guideline values for other streets in Kodungaiyur?

Other streets in Kodungaiyur, such as Annai Sathiya Nagar 1st Street, 2nd Street, 3rd Street, 4th Street, 5th Street, 6th Street, and 8th Street, all have a guideline value of Rs 2,200 per sq.ft as of 2024.

What is the registration fee for properties in Annai Sathiya Nagar 7th Street?

The registration fee for properties in Annai Sathiya Nagar 7th Street is calculated based on the guideline value. For example, for a property valued at Rs 22,00,000, the registration fee would be Rs 44,000.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. More information can be found through the provided link.