Guideline Value for Annai Sathiya Street

Annai Sathiya Street guideline value

The current guideline value of Annai Sathiya Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO and is classified as Residential Class V Type - III.

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 earliest recorded value was Rs 129 per sq.ft in 2002, which increased significantly to Rs 200 per sq.ft in 2003, marking a 55% rise. By 2007, the value further escalated to Rs 1,000 per sq.ft, reflecting a remarkable 400% increase. However, the value saw a decline to Rs 1,500 per sq.ft in 2012, a drop of 33%. The value then rose again to Rs 1,005 per sq.ft in 2017, followed by a substantial increase to Rs 1,500 per sq.ft in 2023, and finally reaching Rs 1,700 per sq.ft in 2024, which is a 13% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1218%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Kottivakkam

In Kottivakkam village, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. Annai Sathiya Street's 2024 figure is below this median.

• Anna Lakshmi Nagar: Rs 3,300 per sq.ft (2024)
• Anna Nagar Main Street Road: Rs 1,700 per sq.ft (2024)
• Anna Street: Rs 3,900 per sq.ft (2024)
• A G S Colony Main Road: Rs 3,900 per sq.ft (2024)
• A G S Colony 4th Cross Street: Rs 3,900 per sq.ft (2024)
• A G S Colony 3rd Street: Rs 3,900 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 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Sathiya Street?

The Sub Registrar Office that covers Annai Sathiya Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kottivakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements when transferring property ownership.

When a property is sold, the guideline value is compared to the sale price. The higher value is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Sathiya Street?

The current guideline value of Annai Sathiya Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 129 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, marking a total increase of 1218% over the years.

What is the land classification of Annai Sathiya Street?

Annai Sathiya Street is classified as Residential Class V Type - III.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,53,000.

Which Sub Registrar Office covers Annai Sathiya Street?

The Adayar Sub Registrar Office covers Annai Sathiya Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.