Guideline Value for Annai Sathiya Nagar Main Road

Annai Sathiya Nagar Main Road guideline value

The current guideline value of Annai Sathiya Nagar Main Road is Rs 3,100 per sq.ft, effective from 1 July 2024. This road is located in Ramapuram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Annai Sathiya Nagar Main Road has changed

The guideline value for Annai Sathiya Nagar Main Road has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,800 per sq.ft. This was followed by a decrease to Rs 1,876 per sq.ft in 2017. The value then increased significantly to Rs 2,800 per sq.ft in 2023, before reaching the current value of Rs 3,100 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The revision from 2023 to 2024 saw an increase of 11%. Overall, comparing the values from 2012 to 2024, there has been an increase of 11%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 3,100 per sq.ft, which is equal to the current guideline value of Annai Sathiya Nagar Main Road.

• Annai Sathiya Nagar First Cross Street: Rs 3,100 per sq.ft (2024)
• Annai Sathya Nagar: Rs 3,100 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Cross Street: Rs 3,100 per sq.ft (2024)
• Annai Sathiya Nagar 1 to 11 Street: Rs 3,100 per sq.ft (2024)
• Annai Sathya Nagar Extension: Rs 3,100 per sq.ft (2024)
• Annai Indira Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathiya Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value would be Rs 31,00,000. The stamp duty at 7% would amount to Rs 2,17,000, and the registration fee at 2% would be Rs 62,000. Together, the total cost for stamp duty and registration would be Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sathiya Nagar Main Road?

The Sub Registrar Office that covers Annai Sathiya Nagar Main Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ramapuram. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annai Sathiya Nagar Main Road?

The current guideline value of Annai Sathiya Nagar Main Road is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then increased to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,100 per sq.ft in 2024.

What are the other streets in Ramapuram with the same guideline value?

Other streets in Ramapuram with the same guideline value of Rs 3,100 per sq.ft in 2024 include Annai Sathiya Nagar First Cross Street, Annai Sathya Nagar, Annai Sathiya Nagar 2nd Cross Street, Annai Sathiya Nagar 1 to 11 Street, and Annai Sathya Nagar Extension.

What is the registration fee for property in Annai Sathiya Nagar Main Road?

The registration fee for property in Annai Sathiya Nagar Main Road is calculated based on the guideline value. For example, a property valued at Rs 31,00,000 would incur a registration fee of Rs 62,000 at 2%.

Where can I find the Sub Registrar Office for Annai Sathiya Nagar Main Road?

The Sub Registrar Office for Annai Sathiya Nagar Main Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.