Guideline Value for Sayee Nagar 2nd street, Chennai 82

Sayee Nagar 2nd street, Chennai 82 guideline value

The current guideline value for Sayee Nagar 2nd 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, classified as Residential Class II Type - I.

How the guideline value of Sayee Nagar 2nd street, Chennai 82 has changed

The guideline value for Sayee Nagar 2nd street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, the value then decreased to Rs 2,680 per sq.ft in 2017, which was a decline of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and most recently, it has increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with 2024 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, indicating that the guideline value for Sayee Nagar 2nd street is below this median.

• Sayee Nagar 3rd & 4th street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Sayee Nagar 1st 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 2nd 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 would be 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 cost for these fees 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 2nd street, Chennai 82?

The Sub Registrar Office that covers Sayee Nagar 2nd 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 plays a crucial role during the registration 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 appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are essential components of the property transaction process.

Frequently asked questions

What is the current guideline value of Sayee Nagar 2nd street, Chennai 82?

The current guideline value of Sayee Nagar 2nd 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, reflecting an overall increase of 340% over the years.

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

Other streets in Ayanavaram with similar guideline values include Sayee Nagar 1st street and Sayee Nagar 3rd & 4th street, both at Rs 4,400 per sq.ft as of 2024.

What is the registration fee for properties in Sayee Nagar 2nd street?

The registration fee for properties in Sayee Nagar 2nd street is calculated at 2% of the guideline value, which is Rs 88,000 for a 1,000 sq.ft plot at the current rate.

Where can I find the Sub Registrar Office for Sayee Nagar 2nd street?

The Sub Registrar Office covering Sayee Nagar 2nd street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.