Guideline Value for Annai Sivagami Street

Annai Sivagami Street guideline value

The current guideline value of Annai Sivagami Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, classified as Residential Class IV Type - I.

How the guideline value of Annai Sivagami Street has changed

The guideline value for Annai Sivagami Street has undergone several revisions over the years. In 2007, the guideline value was Rs 450 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 122%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then saw a substantial increase to Rs 1,000 per sq.ft in 2023, followed by another rise to the current rate of Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 144%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values 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, making the 2024 figure for Annai Sivagami Street below this median.

• Annai Sathya Street: Rs 1,600 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 Sivagami Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 details.

Which Sub Registrar Office covers Annai Sivagami Street?

The Sub Registrar Office covering Annai Sivagami 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 for further assistance.

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

The guideline value is a critical factor in the registration of property transactions in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the buying or selling process.

When a property is registered, the guideline value is used to calculate the applicable duties. Buyers should be aware that the duty is assessed on either the guideline value or the sale price, whichever is higher, ensuring that the state collects the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Sivagami Street?

The current guideline value of Annai Sivagami Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 144% over the years.

What are the stamp duty and registration fees for property in Annai Sivagami Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Annai Sivagami Street?

The Selaiyur Sub Registrar Office covers Annai Sivagami Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Annai Sivagami Street?

Annai Sivagami Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.