Guideline Value for Annai Sathya Nagar VII th street

Annai Sathya Nagar VII th street guideline value

The current guideline value of Annai Sathya Nagar VII th street is Rs 3,960 per sq.ft. 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 VII th street has changed

Looking back at the revisions, the guideline value for Annai Sathya Nagar VII th street was Rs 2,412 per sq.ft in 2017. It then increased to Rs 3,600 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 3,960 per sq.ft, which is a 10% increase from the previous year.

Prior to 2017, the guideline value was Rs 3,600 per sq.ft in 2012, showing a decrease of 33% to the 2017 figure. The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with 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 the same as the current value for Annai Sathya Nagar VII th street.

• Annai Sathya Nagar VIII th street: Rs 3,520 per sq.ft (2024)
• Annai Sathya Nagar VIth Street: Rs 3,520 per sq.ft (2024)
• Annai Sathya Nagar Vth Street: Rs 3,520 per sq.ft (2024)
• Annai Sathya Nagar IVth Street: Rs 3,960 per sq.ft (2024)
• 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)

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

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 3,56,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sathya Nagar VII th street?

The Sub Registrar Office that covers Annai Sathya Nagar VII th 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 crucial factor during property registration in Porur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is essential for both buyers and sellers to understand this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Annai Sathya Nagar VII th street?

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

How much has the guideline value changed in recent years?

Since 2017, the guideline value has increased by 49% from Rs 2,412 per sq.ft to Rs 3,600 per sq.ft in 2023, and then by 10% to Rs 3,960 per sq.ft in 2024.

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

Annai Sathya Nagar VII th street is classified as Residential Special Type - I.

Where can I find the registration office for Annai Sathya Nagar VII th street?

The registration office for Annai Sathya Nagar VII th street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in Annai Sathya Nagar VII th street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 at 7%.