Guideline Value for Annai Sathya Nagar 4th Street

Annai Sathya Nagar 4th Street guideline value

The current guideline value of Annai Sathya Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village and falls under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Annai Sathya Nagar 4th Street has changed

The guideline value for Annai Sathya Nagar 4th Street has undergone several revisions over the years. Starting from 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. By 2007, the value surged to Rs 500 per sq.ft, reflecting a significant increase of 93%. The 2012 revision saw the guideline value set at Rs 2,000 per sq.ft, which was a substantial increase of 300% from the previous figure.

In 2017, the guideline value dropped to Rs 1,340 per sq.ft, representing a decrease of 33%. The next revision in 2023 brought the value up to Rs 2,000 per sq.ft, followed by the latest revision in 2024, which set the guideline value at Rs 2,200 per sq.ft, an increase of 10% from the previous year. There are no figures available for the revisions in years not listed.

Guideline values in Nesapakkam

Nesapakkam has a total of 148 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,150 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Annai Sathya Nagar 4th Street is below this median.

• Annai Sathya Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 7th 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)

Stamp duty and registration fee for property in Annai Sathya Nagar 4th 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, while the registration fee at 2% would be Rs 44,000. The total cost for these fees 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sathya Nagar 4th Street?

The Sub Registrar Office that covers Annai Sathya Nagar 4th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Nesapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, thereby ensuring compliance with local regulations during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 4th Street?

The current guideline value of Annai Sathya Nagar 4th 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 seen several revisions, starting 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 land classification for Annai Sathya Nagar 4th Street?

The land classification for Annai Sathya Nagar 4th Street is Residential Class III Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the total fees would amount to Rs 1,98,000.

Which office handles property registration for Annai Sathya Nagar 4th Street?

The Virugambakkam Sub Registrar Office handles property registration for Annai Sathya Nagar 4th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.