Guideline Value for M.P.Sivagnanam Street, Chennai 82

M.P.Sivagnanam Street, Chennai 82 guideline value

The current guideline value of M.P.Sivagnanam Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO with a land classification of Residential Class II Type - I.

How the guideline value of M.P.Sivagnanam Street, Chennai 82 has changed

The guideline value for M.P.Sivagnanam Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017. The following revision in 2023 raised it to Rs 4,000 per sq.ft, and the most recent revision in 2024 set the current guideline value at Rs 4,400 per sq.ft. The register has no figures for the years 2002 and 2003.

Between the revisions, the changes are notable. From 2007 to 2012, there was an increase of 300%, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in the area is Rs 4,900 per sq.ft, indicating that M.P.Sivagnanam Street's 2024 figure is below this median.

• Moorthy Raja Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• M.G.R. Street, Chennai 82 (Venkatesa Nagar): Rs 4,400 per sq.ft (2024)
• M.G.R. Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Muthamman koil 2nd lane: Rs 4,900 per sq.ft (2024)
• Muthamman koil Ist lane: Rs 4,900 per sq.ft (2024)
• Muthamman koil lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in M.P.Sivagnanam Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. 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 information.

Which Sub Registrar Office covers M.P.Sivagnanam Street, Chennai 82?

The Sub Registrar Office that covers M.P.Sivagnanam Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process is aligned with the prevailing market conditions as reflected in the guideline values.

Frequently asked questions

What is the current guideline value of M.P.Sivagnanam Street, Chennai 82?

The current guideline value of M.P.Sivagnanam Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which represents an overall increase of 340%.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers M.P.Sivagnanam Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is higher than the current guideline value of M.P.Sivagnanam Street.