Guideline Value for Sankara Bathan Street

Sankara Bathan Street guideline value

The current guideline value of Sankara Bathan Street is Rs 4,900 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 I Type - III.

How the guideline value of Sankara Bathan Street has changed

The guideline value for Sankara Bathan Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft. This figure rose significantly to Rs 4,500 per sq.ft in 2012, marking an increase of 275%. However, between 2012 and 2017, the value decreased to Rs 3,015 per sq.ft, a decline of 33%. The value then saw a substantial increase to Rs 4,500 per sq.ft in 2023, which was a rise of 49% from the previous revision. Currently, the guideline value stands at Rs 4,900 per sq.ft as per the 2024 revision, reflecting a 9% increase from 2023.

The register has no figures for Sankara Bathan Street in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 308%.

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 for these streets is Rs 4,900 per sq.ft, which is equal to the current value of Sankara Bathan Street.

• Samypathan Street: Rs 4,900 per sq.ft (2024)
• Sarojini Street, Chennai 82: Rs 4,900 per sq.ft (2024)
• Sakayamadha Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Sastri Street, Chennai 82: Rs 4,900 per sq.ft (2024)
• Sathiyavani Muthu Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Sayee Nagar 1st street, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sankara Bathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sankara Bathan Street?

The Sub Registrar Office that covers Sankara Bathan 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 is a critical factor when buying or selling property in Ayanavaram. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to refer to the latest guideline values to ensure compliance with local regulations. This helps in accurately estimating the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Sankara Bathan Street?

The current guideline value of Sankara Bathan 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 significantly from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 308% over the years.

What are the other streets in Ayanavaram with similar guideline values?

Other streets in Ayanavaram with similar guideline values include Samypathan Street, Sarojini Street, and Sastri Street, all at Rs 4,900 per sq.ft in 2024.

What fees are associated with buying property on Sankara Bathan Street?

When buying property on Sankara Bathan Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ayanavaram?

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