Guideline Value for Postal Audit Colony Main Road

Postal Audit Colony Main Road guideline value

The current guideline value of Postal Audit Colony Main Road 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 Main Road has changed

The guideline value for Postal Audit Colony Main Road has undergone several revisions over the years. The oldest recorded revision is from 2007, when the guideline value was Rs 1,500 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% rise. However, the value dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The value then surged to Rs 4,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, which is a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 227%.

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. The median guideline value in this area is Rs 4,400 per sq.ft, placing Postal Audit Colony Main Road's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the 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, bringing the total to Rs 4,41,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Postal Audit Colony Main Road?

The Sub Registrar Office that covers Postal Audit Colony Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. To learn more, you can find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Koyakbedu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers must be aware that the stamp duty is charged based on the higher value between the guideline value and the sale price, ensuring compliance with regulatory requirements.

Frequently asked questions

What is the current guideline value of Postal Audit Colony Main Road?

The current guideline value of Postal Audit Colony Main Road 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 significantly from Rs 1,500 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 227% over the years.

What is the land classification for Postal Audit Colony Main Road?

The land classification for Postal Audit Colony Main Road is Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value, while the registration fee is 2%. These rates apply to the higher of the guideline value or the sale price.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office.