Guideline Value for Postal Audit Colony 1st Street

Postal Audit Colony 1st Street guideline value

The current guideline value of Postal Audit Colony 1st Street is Rs 4,900 per sq.ft. This street is located in Koyakbedu village and falls under the AnnaNagar SRO with a land classification of Residential Class II Type - II.

How the guideline value of Postal Audit Colony 1st Street has changed

Over the years, the guideline value for Postal Audit Colony 1st Street has seen several revisions. The 2007 revision recorded a value of Rs 1,300 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a rise of 246%. However, in 2017, the value dropped to Rs 3,015 per sq.ft, a decrease of 33%. The 2023 revision brought it back up to Rs 4,500 per sq.ft, and the most recent 2024 revision set the value at Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

In summary, from the 2017 revision to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 277%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

In Koyakbedu village, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, positioning Postal Audit Colony 1st Street above this median.

• Postal Audit Colony 2nd Street: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony Main Road: Rs 4,900 per sq.ft (2024)
• Poonamallee High Road to (Rohini Theatre to Arumbakkam Cemetry): Rs 16,500 per sq.ft (2024)
• Poonamallee High Road (Rohini Theatre To Nerkundram Village Starting Point 500 Mtrs): Rs 11,400 per sq.ft (2024)
• Ponnan Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Postal Audit Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, together totaling Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Postal Audit Colony 1st Street?

The Sub Registrar Office that covers Postal Audit Colony 1st 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

When a property is sold, the guideline value is used to assess the transaction, and the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Postal Audit Colony 1st Street?

The current guideline value of Postal Audit Colony 1st Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,300 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, representing an overall increase of 277%.

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

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office is responsible for Postal Audit Colony 1st Street?

The AnnaNagar Sub Registrar Office is responsible for Postal Audit Colony 1st Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Postal Audit Colony 1st Street?

The land classification for Postal Audit Colony 1st Street is Residential Class II Type - II.