Guideline Value for Sabapathy Poosari Street & Cross Street

Sabapathy Poosari Street & Cross Street guideline value

The current guideline value of Sabapathy Poosari Street & Cross Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Sabapathy Poosari Street & Cross Street has changed

Over the years, the guideline value for Sabapathy Poosari Street & Cross Street has experienced several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, the value then decreased to Rs 3,015 per sq.ft in 2017. Following this, the 2023 revision raised it to Rs 4,500 per sq.ft, and the most recent 2024 revision established the current value at Rs 4,900 per sq.ft, marking a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. The overall increase from the 2007 revision to the 2024 revision is 390%, reflecting significant changes over the years.

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 this area is Rs 4,900 per sq.ft, which is equal to the current guideline value of Sabapathy Poosari Street & Cross Street.

• R.V.Nagar Ist Cross Street: Rs 6,500 per sq.ft (2024)
• R.V.Nagar 6th Street: Rs 6,500 per sq.ft (2024)
• R.V.Nagar 5th Street & Cross Street: Rs 6,500 per sq.ft (2024)
• R.V.Nagar 4th Street & Cross Street: Rs 6,500 per sq.ft (2024)
• R.V.Nagar 3rd Cross Street: Rs 6,500 per sq.ft (2024)
• R.V.Nagar 2nd Cross Street: Rs 6,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sabapathy Poosari Street & Cross Street

For a 1,000 sq.ft plot at the current rate, 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, 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sabapathy Poosari Street & Cross Street?

The Sub Registrar Office covering Sabapathy Poosari Street & Cross 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 Ayanavaram

The guideline value is a crucial factor in property transactions in Ayanavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a reference point for calculating applicable fees, including stamp duty and registration charges. It is essential for both parties to be aware of the current guideline value to avoid discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Sabapathy Poosari Street & Cross Street?

The current guideline value of Sabapathy Poosari Street & Cross 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 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 390% over the years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Sabapathy Poosari Street & Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the 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.

What is the median guideline value for streets in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft, which is the same as the current guideline value for Sabapathy Poosari Street & Cross Street.