Guideline Value for Annai Sathya Nagar IIIst Street

Annai Sathya Nagar IIIst Street guideline value

The current guideline value of Annai Sathya Nagar IIIst Street is Rs 3,960 per sq.ft, effective from 1 July 2024. 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 IIIst Street has changed

Over the years, the guideline value for Annai Sathya Nagar IIIst Street has seen several revisions. The earliest available figure is from 2012, which was Rs 3,600 per sq.ft. This value remained unchanged in the subsequent revision in 2017, where it dropped to Rs 2,412 per sq.ft, marking a decrease of 33%. In 2023, the value increased to Rs 3,600 per sq.ft, and in 2024, it further rose to Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is an increase of 10%.

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 value is Rs 3,960 per sq.ft, which is equal to the current guideline value of Annai Sathya Nagar IIIst Street.

• 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 8th Cross 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 IIIst 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, charged at 7%, would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200. Together, the total cost for these fees would be Rs 3,56,400. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Annai Sathya Nagar IIIst Street?

The Sub Registrar Office that covers Annai Sathya Nagar IIIst Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property in Porur, the guideline value ensures that the transaction is registered at a fair value as per government regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the costs associated with property registration. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of Annai Sathya Nagar IIIst 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 from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, which is a 10% increase. It was Rs 2,412 per sq.ft in 2017, indicating a 49% increase from that year to 2023.

What are the registration fees for property in Annai Sathya Nagar IIIst Street?

The registration fees for property transactions in Annai Sathya Nagar IIIst Street include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for Annai Sathya Nagar IIIst Street?

The Kunrathur Sub Registrar Office is responsible for Annai Sathya Nagar IIIst Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Annai Sathya Nagar IIIst Street?

Annai Sathya Nagar IIIst Street is classified as Residential Special Type - I, indicating its suitability for residential development.