Guideline Value for Annai Sathiya Nagar

Annai Sathiya Nagar guideline value

The current guideline value of Annai Sathiya Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This locality is situated in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class IV Type - II.

How the guideline value of Annai Sathiya Nagar has changed

Over the years, the guideline value of Annai Sathiya Nagar has seen significant changes. The 2007 revision recorded a guideline value of Rs 800 per sq.ft, which rose to Rs 3,000 per sq.ft in 2012, marking a substantial increase of 275%. However, this value decreased by 33% to Rs 2,010 per sq.ft in the 2017 revision. The next revision in 2023 saw another increase to Rs 3,000 per sq.ft, followed by the current guideline value of Rs 3,300 per sq.ft in 2024, representing a 10% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Annai Sathiya Nagar's current value below this median.

• Annai Sathiya Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Main road: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 5th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathiya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sathiya Nagar?

The Sub Registrar Office that covers Annai Sathiya Nagar is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the agreed sale price. This ensures that the transaction is recorded accurately and that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Sathiya Nagar?

The current guideline value of Annai Sathiya Nagar is Rs 3,300 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 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 313%.

What is the registration office for Annai Sathiya Nagar?

The registration office for Annai Sathiya Nagar is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for property in Annai Sathiya Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.

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

Other streets in Kodambakkam with the same guideline value of Rs 3,300 per sq.ft include Annai Sathiya Nagar 1st Street, 2nd Main road, 2nd Street, 3rd Street, 4th Street, and 5th Street.