Guideline Value for Annai Sathya Street

Annai Sathya Street guideline value

The current guideline value of Annai Sathya Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Annai Sathya Street has changed

The guideline value for Annai Sathya Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,005 per sq.ft. The 2023 revision saw an increase to Rs 1,500 per sq.ft, followed by another increase in 2024 to Rs 1,600 per sq.ft, marking a 7% rise from 2023.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that the register has no figures for Annai Sathya Street for the years 2002, 2003, and 2007.

Guideline values in Selaiyur

In Selaiyur, there are a total of 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Annai Sathya Street's 2024 figure below that median.

• Annai Sivagami Street: Rs 1,100 per sq.ft (2024)
• Annai Therasa Street: Rs 1,800 per sq.ft (2024)
• Annai Nagar: Rs 2,900 per sq.ft (2024)
• Anna Nagar: Rs 2,200 per sq.ft (2024)
• Annadurai Street: Rs 950 per sq.ft (2024)
• Anjaneyar Koil Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sathya Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total cost for these fees Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Sathya Street?

The Sub Registrar Office that covers Annai Sathya Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO online.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with the regulations set by the Registration Department. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Annai Sathya Street?

The current guideline value of Annai Sathya Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, with various increases and decreases in between, including a significant increase of 49% from 2017 to 2023.

What is the land classification of Annai Sathya Street?

Annai Sathya Street is classified as Residential Class II Type - II, which indicates its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Selaiyur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.