Guideline Value for Sarojini Street, Chennai 82

Sarojini Street, Chennai 82 guideline value

The current guideline value of Sarojini Street, Chennai 82 is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class I Type - III.

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

The guideline value for Sarojini Street has undergone several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it then decreased to Rs 3,015 per sq.ft in 2017. Following this, the value rose sharply to Rs 4,500 per sq.ft in 2023, and finally reached Rs 4,900 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Between the revisions, the most notable changes occurred from 2007 to 2012, where the value increased by 275%, and from 2017 to 2023, where it rose by 49%. The overall increase from 2007 to 2024 is 308%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. Sarojini Street's 2024 guideline value of Rs 4,900 per sq.ft is equal to the median value for the area.

• 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)
• Sayee Nagar 2nd street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Sayee Nagar 3rd & 4th street, Chennai 82: Rs 4,400 per sq.ft (2024)
• SBI Officers colony: Rs 5,500 per sq.ft (2024)

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

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 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sarojini Street, Chennai 82?

The Sub Registrar Office that covers Sarojini 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 the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two figures is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Sarojini Street, Chennai 82 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 1,200 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 stamp duty rates for property in Sarojini Street?

The stamp duty for property in Sarojini Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sarojini Street?

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

What is the land classification for Sarojini Street?

Sarojini Street is classified as Residential Class I Type - III under the AnnaNagar SRO.