Guideline Value for Annai Sathya Nagar VIII th street

Annai Sathya Nagar VIII th street guideline value

The current guideline value for Annai Sathya Nagar VIII th street is Rs 3,520 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 - II.

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

The guideline value for Annai Sathya Nagar VIII th street has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 3,200 per sq.ft. This was followed by a decrease to Rs 2,144 per sq.ft in the 2017 revision, which represented a decline of 33%. The 2023 revision brought the value back up to Rs 3,200 per sq.ft, and the most recent revision in 2024 increased it further to Rs 3,520 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the revisions in 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 for these streets is Rs 3,960 per sq.ft, making the 2024 figure for Annai Sathya Nagar VIII th street below this median.

• 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)
• 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 VIII th street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. 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 VIII th street?

The Sub Registrar Office that covers Annai Sathya Nagar VIII 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 is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is assessed by the government and reflects the minimum value at which properties can be registered.

When selling property, the guideline value helps establish a baseline for pricing. Buyers and sellers often refer to these values to negotiate the sale price, ensuring that the transaction complies with legal requirements for registration.

Frequently asked questions

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

The current guideline value for Annai Sathya Nagar VIII th street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with the 2012 revision at Rs 3,200 per sq.ft, dropping to Rs 2,144 per sq.ft in 2017, and then returning to Rs 3,200 per sq.ft in 2023. The most recent revision in 2024 increased it to Rs 3,520 per sq.ft.

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

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

What are the stamp duty rates for property transactions in this area?

The stamp duty for property transactions in Annai Sathya Nagar VIII th street is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Which office handles property registrations for this street?

The Kunrathur Sub Registrar Office handles property registrations for Annai Sathya Nagar VIII th street, located at No.59, Road Street, Kundrathur, Chennai -600 069.