Guideline Value for Annai Sathya Nagar

Annai Sathya Nagar guideline value

The current guideline value of Annai Sathya Nagar, located in Tambaram village, is Rs 2,200 per sq.ft. This value is set by the Tambaram Joint 1 SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Annai Sathya Nagar has changed

The guideline value for Annai Sathya Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,340 per sq.ft. The value remained at Rs 2,000 per sq.ft until the 2023 revision, which increased it to Rs 2,000 per sq.ft. The most recent 2024 revision raised the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO carrying a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, making the current value of Annai Sathya Nagar below this median.

• Anna Street: Rs 3,300 per sq.ft (2024)
• Arasan Nagar: Rs 2,200 per sq.ft (2024)
• Ambedhkar Street: Rs 2,200 per sq.ft (2024)
• Ambal Nagar: Rs 2,200 per sq.ft (2024)
• Amal Nagar: Rs 2,200 per sq.ft (2024)
• Albin Nagar: Rs 2,200 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annai Sathya Nagar?

The Sub Registrar Office that covers Annai Sathya Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Tambaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value will influence the overall transaction costs, including the stamp duty and registration fees. Buyers should be aware that these costs are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Annai Sathya Nagar?

The current guideline value of Annai Sathya Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen several changes, from Rs 2,000 in 2012 to Rs 2,200 in 2024, reflecting an overall increase of 10% over this period.

What is the land classification for Annai Sathya Nagar?

Annai Sathya Nagar falls under the Residential Class I Type - II land classification, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,98,000.

Where is the Sub Registrar Office for Annai Sathya Nagar located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office handles the registration of properties in Annai Sathya Nagar.