Guideline Value for Annai Sivakami Street

Annai Sivakami Street guideline value

The current guideline value of Annai Sivakami Street is Rs 300 per sq.ft. This street is located in Molachoor village under the Sunguvarchattram SRO, classified as Residential Class IV Type - II.

How the guideline value of Annai Sivakami Street has changed

The guideline value for Annai Sivakami Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in the 2017 revision, the value increased to Rs 201 per sq.ft, marking a 49% increase by the 2023 revision, which also maintained the value at Rs 300 per sq.ft. The 2024 revision has kept the value steady at Rs 300 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Molachoor

In Molachoor village, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft, with a median value of Rs 600 per sq.ft. Annai Sivakami Street's 2024 figure is below this median.

• Annai Santhiya Street: Rs 600 per sq.ft (2024)
• Annai Santhiya Nagar: Rs 605 per sq.ft (2024)
• Annai Nagar-V: Rs 500 per sq.ft (2024)
• Annai Nagar-IV: Rs 500 per sq.ft (2024)
• Annai Nagar-III: Rs 500 per sq.ft (2024)
• Annai Nagar -II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sivakami Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Sivakami Street?

The Sub Registrar Office that covers Annai Sivakami Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Molachoor. It helps determine the stamp duty and registration fees that need to be paid during the transaction.

Buyers and sellers should be aware that the guideline value is used to assess the minimum value of the property for registration purposes. This ensures that the property is registered at a value that reflects its market worth, as determined by the government.

Frequently asked questions

What is the current guideline value of Annai Sivakami Street?

The current guideline value of Annai Sivakami Street is Rs 300 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017 to 2023. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification of Annai Sivakami Street?

Annai Sivakami Street is classified as Residential Class IV Type - II under the Sunguvarchattram SRO.

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

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total fees would amount to Rs 27,000.

Which office handles the registration for Annai Sivakami Street?

The Sunguvarchattram Sub Registrar Office handles the registration for Annai Sivakami Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.