Guideline Value for Annai Sivasakthi Nagar Extension (Lakshmipuram)

Annai Sivasakthi Nagar Extension (Lakshmipuram) guideline value

The current guideline value of Annai Sivasakthi Nagar Extension (Lakshmipuram) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Annai Sivasakthi Nagar Extension (Lakshmipuram) has changed

Over the years, the guideline value for Annai Sivasakthi Nagar Extension has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and further rose to Rs 1,300 per sq.ft in the 2024 revision, reflecting an 8% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Annai Sivasakthi Nagar Extension's guideline value is below this median.

• Annai Sivasakthi Nagar: Rs 1,300 per sq.ft (2024)
• Annai Sivasakthi Nagar, Lakshmipuram (Ward-26): Rs 1,300 per sq.ft (2024)
• Annai Sathya Nagar Roads (Ward No.20): Rs 1,300 per sq.ft (2024)
• Annai Velangannai Nagar: Rs 1,600 per sq.ft (2024)
• Annaivelankanni Nagar 1st St (Ward-16): Rs 1,600 per sq.ft (2024)
• Annaivelankanni Nagar 2nd St (Ward-16): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Sivasakthi Nagar Extension (Lakshmipuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total charges Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annai Sivasakthi Nagar Extension (Lakshmipuram)?

The Sub Registrar Office that covers Annai Sivasakthi Nagar Extension (Lakshmipuram) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Sivasakthi Nagar Extension (Lakshmipuram)?

The current guideline value of Annai Sivasakthi Nagar Extension (Lakshmipuram) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Annai Sivasakthi Nagar Extension?

Annai Sivasakthi Nagar Extension is classified as Residential Class III Type - I, which indicates its suitability for residential purposes.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Annai Sivasakthi Nagar Extension is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Madhavaram Sub Registrar Office covers Annai Sivasakthi Nagar Extension and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.