Guideline Value for Sayee Nagar 1st Main Road

Sayee Nagar 1st Main Road guideline value

The current guideline value of Sayee Nagar 1st Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Sayee Nagar 1st Main Road has changed

The guideline value for Sayee Nagar 1st Main Road has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,300 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a change of +285%. However, in 2017, the value decreased to Rs 3,350 per sq.ft, a drop of -33%. The guideline value then rose to Rs 5,000 per sq.ft in 2023, followed by a further increase to Rs 5,500 per sq.ft in 2024, reflecting a change of +10%.

From 2017 to 2023, the value increased by +49%. Overall, from 2007 to 2024, the guideline value has risen by +323%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Sayee Nagar 1st Main Road's 2024 figure above this median.

• Sayee Nagar: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 2nd Main Road: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 2nd Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 3rd Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 4th Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 5th Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sayee Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty, charged at 7%, would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. 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 Sayee Nagar 1st Main Road?

The Sub Registrar Office that covers Sayee Nagar 1st Main Road 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 Koyakbedu

The guideline value plays a crucial role in the registration process of property transactions in Koyakbedu. It is utilized to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in establishing a transparent framework for property transactions, thereby aiding in the assessment of taxes and fees associated with the registration process.

Frequently asked questions

What is the current guideline value of Sayee Nagar 1st Main Road?

The current guideline value of Sayee Nagar 1st Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of +323% over the years.

What are the stamp duty and registration fees for property in Sayee Nagar 1st Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers Sayee Nagar 1st Main Road?

The AnnaNagar Sub Registrar Office covers Sayee Nagar 1st Main Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Koyakbedu?

The median guideline value in Koyakbedu is Rs 4,400 per sq.ft, with Sayee Nagar 1st Main Road's 2024 figure of Rs 5,500 per sq.ft being above this median.