Guideline Value for Annai Sathya Nagar IVth Street

Annai Sathya Nagar IVth Street guideline value

The current guideline value of Annai Sathya Nagar IVth Street is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Annai Sathya Nagar IVth Street has changed

Over the years, the guideline value of Annai Sathya Nagar IVth Street has seen several revisions. The 2012 revision set the value at Rs 3,600 per sq.ft, which was a decrease of 33% from the Rs 2,412 per sq.ft recorded in the 2017 revision. The 2023 revision then increased the value to Rs 3,600 per sq.ft, and the current 2024 revision has raised it to Rs 3,960 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 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 guideline value is Rs 3,960 per sq.ft, which is equal to the current value of Annai Sathya Nagar IVth Street.

• Annai Sathya Nagar Ist Street: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar II st Steet: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar IIIst 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)
• Annai Sathya Nagar VIth Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Nagar IVth Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to 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 the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Annai Sathya Nagar IVth Street?

The Sub Registrar Office covering Annai Sathya Nagar IVth 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

When buying or selling property in Porur, the guideline value plays a crucial role in determining the registration fees and stamp duty payable. The guideline value is used to assess the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations during the registration process. Understanding these values can help in making informed decisions during property transactions.

Frequently asked questions

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

The current guideline value of Annai Sathya Nagar IVth 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, a 10% increase. It was Rs 2,412 per sq.ft in 2017, and the value was Rs 3,600 per sq.ft in 2012.

What are the other guideline values in Porur?

In Porur, the guideline values for other streets range from Rs 2,860 to Rs 6,380 per sq.ft, with the median being Rs 3,960 per sq.ft. Several streets, including Annai Sathya Nagar Ist, II st, IIIst, and VII th Street, share the same value of Rs 3,960 per sq.ft in 2024.

What fees are associated with buying property in Annai Sathya Nagar IVth Street?

When buying property, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 3,56,400.

Which office should I contact for registration in Annai Sathya Nagar IVth Street?

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