Guideline Value for Annai Sathiya Street

Annai Sathiya Street guideline value

The current guideline value of Annai Sathiya Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Vengambakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Annai Sathiya Street has changed

The guideline value for Annai Sathiya Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased to Rs 500 per sq.ft in the 2023 revision, and finally, it rose to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 5,000 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Annai Sathiya Street's 2024 figure below that median.

• Anna Main Road: Rs 1,160 per sq.ft (2024)
• Anna Main Road (Cross Street): Rs 550 per sq.ft (2024)
• Anna Main Road (Vengampakkam colony): Rs 440 per sq.ft (2024)
• Anuram Nagar: Rs 3,300 per sq.ft (2024)
• A.K.B. Green Fields: Rs 3,300 per sq.ft (2024)
• Akb Fortune: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathiya Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sathiya Street?

The Sub Registrar Office that covers Annai Sathiya Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vengambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When a buyer purchases a property, the guideline value serves as a benchmark for the transaction. The registration office uses this value to ensure that the property is not sold below the stipulated guideline value, thereby maintaining a standard for property transactions in the area.

Frequently asked questions

What is the current guideline value of Annai Sathiya Street?

The current guideline value of Annai Sathiya Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Annai Sathiya Street?

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

What are the stamp duty and registration fees for property in Annai Sathiya Street?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500 and the registration fee is Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers Annai Sathiya Street?

The Tambaram Joint 1 Sub Registrar Office covers Annai Sathiya Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.