Guideline Value for Postal Audit Colony 2nd Street

Postal Audit Colony 2nd Street guideline value

The current guideline value for Postal Audit Colony 2nd Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Postal Audit Colony 2nd Street has changed

The guideline value for Postal Audit Colony 2nd Street has seen several revisions over the years. The earliest recorded value was Rs 1,300 per sq.ft in 2007. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a substantial rise of 246%. However, in 2017, the value decreased to Rs 3,015 per sq.ft, a drop of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 4,900 per sq.ft in 2024, which reflects a 9% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 277%.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Postal Audit Colony 2nd Street's 2024 figure above this median.

• Postal Audit Colony 1st Street: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony Main Road: Rs 4,900 per sq.ft (2024)
• Postal Audit Colony: 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 Strarting 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 2nd Street

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

Which Sub Registrar Office covers Postal Audit Colony 2nd Street?

The Sub Registrar Office covering Postal Audit Colony 2nd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 crucial factor in property transactions in Koyakbedu. It serves as a benchmark for determining the minimum price at which a property can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on this guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it affects the overall cost of the transaction. It ensures that the property is valued appropriately within the legal framework set by the registration authorities.

Frequently asked questions

What is the current guideline value for Postal Audit Colony 2nd Street?

The current guideline value for Postal Audit Colony 2nd Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

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 office handles property registrations for Postal Audit Colony 2nd Street?

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

What is the median guideline value for streets in Koyakbedu?

The median guideline value for the 270 streets in Koyakbedu is Rs 4,400 per sq.ft, with Postal Audit Colony 2nd Street being above this median at Rs 4,900 per sq.ft.