Guideline Value for Annai Sathya Nagar

Annai Sathya Nagar guideline value

The current guideline value of Annai Sathya Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Annai Sathya Nagar has changed

Over the years, the guideline value of Annai Sathya Nagar has seen several revisions. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The current 2024 revision has further raised it to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting significant changes in the guideline value during that period.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, positioning Annai Sathya Nagar's 2024 figure below that median.

• Annai Thersa Street (LIC colony): Rs 2,530 per sq.ft (2024)
• Annai Thersa Street (V.O.C.Nagar): Rs 2,750 per sq.ft (2024)
• Annai Velangkanai Street (Hindustan Lever Colony): Rs 2,530 per sq.ft (2024)
• Anna Nagar, 10th Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar, 11th Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar, 12th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Sathya Nagar?

The Sub Registrar Office that covers Annai Sathya Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded at a fair value as per the government regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar?

The current guideline value of Annai Sathya Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the registration office for Annai Sathya Nagar?

The registration office for Annai Sathya Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where can I find more information about stamp duty and registration fees?

For more information, you can use the stamp duty and registration fee calculator available online.