Guideline Value for Annai Sathya Nagar Vth Street

Annai Sathya Nagar Vth Street guideline value

The current guideline value for Annai Sathya Nagar Vth 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 it falls under the Residential Special Type - II land classification.

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

The guideline value for Annai Sathya Nagar Vth Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft. However, this figure dropped to Rs 2,144 per sq.ft in the 2017 revision, marking a decrease of 33%. The value then increased significantly to Rs 3,200 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,520 per sq.ft in the 2024 revision, which is a rise of 10% from the previous year.

Looking at the changes over the years, from 2012 to 2017, there was a decrease of 33%. From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 for these streets is Rs 3,960 per sq.ft, which means that the guideline value for Annai Sathya Nagar Vth Street is below this median.

• Annai Sathya Nagar VIth Street: Rs 3,520 per sq.ft (2024)
• Annai Sathya Nagar VII th street: Rs 3,960 per sq.ft (2024)
• Annai Sathya Nagar VIII th 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 Vth 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. Together, the total fees would be Rs 3,16,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sathya Nagar Vth Street?

The Sub Registrar Office that covers Annai Sathya Nagar Vth Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value for Annai Sathya Nagar Vth Street?

The current guideline value for Annai Sathya Nagar Vth 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 changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the median guideline value in Porur?

The median guideline value for streets in Porur is Rs 3,960 per sq.ft, making the guideline value for Annai Sathya Nagar Vth Street below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Where can I find the Sub Registrar Office for Annai Sathya Nagar Vth Street?

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