Guideline Value for Sastri Street, Chennai 82

Sastri Street, Chennai 82 guideline value

The current guideline value of Sastri Street, Chennai 82 is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the jurisdiction of the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Sastri Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it saw a decline to Rs 3,015 per sq.ft in 2017. The value then rose sharply to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 4,900 per sq.ft in 2024. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a 9% increase. Notably, the overall increase from 2007 to 2024 is 308%, reflecting significant changes in the guideline value over the years.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a guideline value for 2024, 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 the same as the current value for Sastri Street.

• Sathiyavani Muthu Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Sarojini Street, Chennai 82: Rs 4,900 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 Sastri 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 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, bringing the total cost for these 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sastri Street, Chennai 82?

The Sub Registrar Office that covers Sastri Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 an essential factor when registering property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps in maintaining a standardized approach across the region.

Frequently asked questions

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

The current guideline value of Sastri 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 and registration fees for properties in Sastri Street?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000 for these fees.

Which Sub Registrar Office covers Sastri Street?

The AnnaNagar Sub Registrar Office covers Sastri Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Sastri Street?

The land classification for Sastri Street, Chennai 82 is Residential Class I Type - III.