Guideline Value for Annai Sathya Nagar 13th Street

Annai Sathya Nagar 13th Street guideline value

The current guideline value of Annai Sathya Nagar 13th 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 13th Street has changed

The guideline value for Annai Sathya Nagar 13th Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 235 per sq.ft. This 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 revised to Rs 2,000 per sq.ft, reflecting a 300% increase from the previous figure. However, the value dropped to Rs 1,340 per sq.ft in 2017, which was a 33% decrease. The 2023 revision set the value at Rs 2,000 per sq.ft, and the latest 2024 revision has increased it to Rs 2,200 per sq.ft, a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 836%. The register has no figure for this street for the years not mentioned in the provided list.

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. The median value for the area is Rs 3,300 per sq.ft, making the 2024 figure for Annai Sathya Nagar 13th Street below the median.

• Annai Sathya Nagar 12th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 1st Main Road: Rs 2,750 per sq.ft (2024)
• Annai Sathya Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Annai Sathya Nagar 10th 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 13th 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, making the total cost for these fees Rs 1,98,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Annai Sathya Nagar 13th Street?

The Sub Registrar Office that covers Annai Sathya Nagar 13th 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 when buying or selling property in Nesapakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is registered at a value that reflects its market worth.

When you proceed with a transaction, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs associated with the registration of the property based on the established guideline value.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 13th Street?

The current guideline value of Annai Sathya Nagar 13th 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 from Rs 235 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 836% over the years.

What is the stamp duty rate for property in Annai Sathya Nagar 13th Street?

The stamp duty rate for property transactions in Annai Sathya Nagar 13th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Annai Sathya Nagar 13th Street?

The Sub Registrar Office for Annai Sathya Nagar 13th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the other guideline values in Nesapakkam?

In Nesapakkam, guideline values for other streets range from Rs 2,200 to Rs 7,150 per sq.ft, with the median value being Rs 3,300 per sq.ft.