Guideline Value for Annai Sathya Nagar 8th Cross street

Annai Sathya Nagar 8th Cross street guideline value

The current guideline value of Annai Sathya Nagar 8th Cross street is Rs 3,960 per sq.ft. This street is located in Porur village, under the jurisdiction of the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Annai Sathya Nagar 8th Cross street has changed

The guideline value for Annai Sathya Nagar 8th Cross street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 235 per sq.ft. This value increased to Rs 260 per sq.ft in 2003, marking an increase of 11%. The next significant rise occurred in 2007, where the guideline value jumped to Rs 896 per sq.ft, reflecting a substantial increase of 245%. In 2012, the value was recorded at Rs 3,600 per sq.ft, which represented a dramatic increase of 302% from the previous revision.

From 2012 to 2017, the value decreased to Rs 2,412 per sq.ft, showing a decline of 33%. However, the subsequent revision in 2023 saw the guideline value rise to Rs 3,600 per sq.ft, an increase of 49%. The most recent revision in 2024 set the current guideline value at Rs 3,960 per sq.ft, a 10% increase from the previous year.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, which matches the current value for Annai Sathya Nagar 8th Cross street.

• Annai Sathya Nagar IIIst Street: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar II st Steet: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar Ist Street: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar IVth Street: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar VIII th street: Rs 3,520 per sq.ft (2024)
• Annai Sathya Nagar VII th street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Nagar 8th Cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total fees to Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sathya Nagar 8th Cross street?

The Sub Registrar Office that covers Annai Sathya Nagar 8th Cross street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar 8th Cross street?

The current guideline value of Annai Sathya Nagar 8th Cross street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 235 per sq.ft in 2002 to Rs 3,960 per sq.ft in 2024, reflecting an overall increase of 1585% over the years.

What is the land classification for Annai Sathya Nagar 8th Cross street?

Annai Sathya Nagar 8th Cross street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Annai Sathya Nagar 8th Cross street is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 3,56,400.