Guideline Value for Sayee Nagar 1st street, Chennai 82

Sayee Nagar 1st street, Chennai 82 guideline value

The current guideline value of Sayee Nagar 1st 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 Sayee Nagar 1st street, Chennai 82 has changed

Over the years, the guideline value of Sayee Nagar 1st street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% increase. However, the value decreased to Rs 2,680 per sq.ft in 2017, which is a 33% drop. From 2017 to 2023, the value rose sharply by 49% to reach Rs 4,000 per sq.ft. The latest revision in 2024 shows a further increase of 10%, bringing the current guideline value to Rs 4,400 per sq.ft.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. The overall increase from the 2007 revision to the current 2024 revision is 340%.

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 as per the 2024 revision. The median guideline value in this area is Rs 4,900 per sq.ft, which means that the guideline value of Sayee Nagar 1st street is below this median.

• 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)
• Sathiyavani Muthu Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Sastri Street, Chennai 82: Rs 4,900 per sq.ft (2024)
• Sarojini Street, Chennai 82: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sayee Nagar 1st street, Chennai 82

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

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sayee Nagar 1st street, Chennai 82?

The Sub Registrar Office that covers Sayee Nagar 1st 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 plays a crucial role in the registration process of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall costs associated with the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid potential legal issues during registration.

Frequently asked questions

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

The current guideline value of Sayee Nagar 1st 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 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 340% over the years.

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

For a property valued at 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, totaling Rs 3,96,000.

Which Sub Registrar Office covers this area?

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

What is the land classification for Sayee Nagar 1st street?

The land classification for Sayee Nagar 1st street is Residential Class II Type - I.