Guideline Value for Sakayamadha Street, Chennai 82

Sakayamadha Street, Chennai 82 guideline value

The current guideline value of Sakayamadha Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sakayamadha Street, Chennai 82 has changed

The guideline value for Sakayamadha Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,200 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a substantial rise of 233%. However, in the 2017 revision, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in the 2023 revision, followed by the current value of Rs 4,400 per sq.ft in the 2024 revision, which is a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, placing Sakayamadha Street's 2024 figure below this median.

• Sabapathy Poosari Street & Cross Street: Rs 4,900 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Sakayamadha Street, Chennai 82

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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.

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

Which Sub Registrar Office covers Sakayamadha Street, Chennai 82?

The Sub Registrar Office that covers Sakayamadha 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 plays a crucial role in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the higher of the guideline value or the sale price, ensuring that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sakayamadha Street, Chennai 82?

The current guideline value of Sakayamadha Street, Chennai 82 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 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 267% over the years.

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 higher than the current value of Sakayamadha Street.

What are the stamp duty and registration fees for properties on Sakayamadha Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Sakayamadha Street?

The AnnaNagar Sub Registrar Office handles registrations for Sakayamadha Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.