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Guideline Value

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Guideline Value for Punitha Sagaya Madha Street, 27th Street, G.K.M.Colony

₹4400/sq.ft.

The guideline value for Punitha Sagaya Madha Street, 27th Street, G.k.m.colony in Ayanavaram village (Annanagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayanavaram

Village

AnnaNagar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Punitha Sagaya Madha Street, 27th Street, G.k.m.colony

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Punitha Sagaya Madha Street, 27th Street, G.K.M.Colony guideline value

The current guideline value of Punitha Sagaya Madha Street, 27th Street, G.K.M.Colony is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Punitha Sagaya Madha Street, 27th Street, G.K.M.Colony has changed

Over the years, the guideline value for Punitha Sagaya Madha Street has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 4,000 per sq.ft in 2023, and further rose to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

In addition, the changes between the revisions show a notable increase of 49% from 2017 to 2023, while the drop from 2012 to 2017 was 33%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ayanavaram

Ayanavaram features a total of 369 streets under the AnnaNagar SRO with a 2024 guideline value range from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Punitha Sagaya Madha Street's current value below the median.

Stamp duty and registration fee for property in Punitha Sagaya Madha Street, 27th Street, G.K.M.Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Punitha Sagaya Madha Street, 27th Street, G.K.M.Colony?

The Sub Registrar Office that covers Punitha Sagaya Madha 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 plays a crucial role during the registration process of property transactions in Ayanavaram. It is used to calculate the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property as determined by the local authorities. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Punitha Sagaya Madha Street?

The current guideline value of Punitha Sagaya Madha Street, 27th Street, G.K.M.Colony 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 from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for this street?

Punitha Sagaya Madha Street is classified as Residential Class II Type - I, which indicates its designated use for residential purposes.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the official value of the property is recorded accurately at the time of sale.

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

The Sub Registrar Office covering Punitha Sagaya Madha Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.