Guideline Value for Annai Sathya Nagar 3rd Street

Annai Sathya Nagar 3rd Street guideline value

The current guideline value of Annai Sathya Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Annai Sathya Nagar 3rd Street has changed

The guideline value for Annai Sathya Nagar 3rd Street has seen several revisions over the years. In the 2002 revision, the guideline value was Rs 235 per sq.ft. This increased to Rs 259 per sq.ft in 2003, marking a 10% rise. The value continued to grow significantly, reaching Rs 500 per sq.ft in 2007, which represented a 93% increase from the previous year. By 2012, the value had risen to Rs 2,000 per sq.ft, reflecting a substantial 300% increase from 2007. However, in the 2017 revision, it dropped to Rs 1,340 per sq.ft, indicating a decrease of 33%.

In the 2023 revision, the guideline value was Rs 2,000 per sq.ft, which was an increase of 49% from 2017. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year. There are no figures available for any other years for this street in the register.

Guideline values in Nesapakkam

In Nesapakkam, there are a total of 148 streets under the Virugambakkam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing the guideline value of Annai Sathya Nagar 3rd Street below this median.

• Annai Sathya Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 2nd Main Road: Rs 2,750 per sq.ft (2024)
• Annai Sathya Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 6th 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 Sathya Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration would be 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 more details.

Which Sub Registrar Office covers Annai Sathya Nagar 3rd Street?

The Sub Registrar Office that covers Annai Sathya Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Nesapakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are documented accurately and transparently.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 3rd Street?

The current guideline value of Annai Sathya Nagar 3rd 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 235 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 836% over the years.

What is the median guideline value in Nesapakkam?

The median guideline value for the 148 streets in Nesapakkam under the Virugambakkam SRO is Rs 3,300 per sq.ft, with Annai Sathya Nagar 3rd Street's value being below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registration for Annai Sathya Nagar 3rd Street?

The Virugambakkam Sub Registrar Office handles property registration for Annai Sathya Nagar 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.