Guideline Value for Annai Sathya Nagar 5th Street

Annai Sathya Nagar 5th Street guideline value

The current guideline value of Annai Sathya Nagar 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Annai Sathya Nagar 5th Street has changed

The guideline value for Annai Sathya Nagar 5th Street has seen several revisions over the years. Starting from Rs 235 per sq.ft in 2002, it increased to Rs 259 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 500 per sq.ft in 2007, which was a 93% jump. In 2012, the value was recorded at Rs 2,000 per sq.ft, reflecting a 300% increase from the previous revision. However, it dropped by 33% to Rs 1,340 per sq.ft in 2017.

In 2023, the guideline value rose to Rs 2,000 per sq.ft, and in the latest revision of 2024, it has increased to Rs 2,200 per sq.ft, indicating a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 836%.

Guideline values in Nesapakkam

Nesapakkam village has 148 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, and Annai Sathya Nagar 5th Street's 2024 figure is below that median.

• Annai Sathya Nagar 4th 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 3rd Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 9th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Nagar 5th 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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total charges Rs 1,98,000. 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 Sathya Nagar 5th Street?

The Sub Registrar Office that covers Annai Sathya Nagar 5th 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nesapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property. Buyers should be aware of the guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 5th Street?

The current guideline value of Annai Sathya Nagar 5th 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 changed significantly, starting from Rs 235 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 836%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, resulting in a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Annai Sathya Nagar 5th Street?

The Virugambakkam Sub Registrar Office covers Annai Sathya Nagar 5th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Annai Sathya Nagar 5th Street?

The land classification for Annai Sathya Nagar 5th Street is Residential Class III Type - I.