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Guideline Value

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Guideline Value for Sayee Nagar 3rd & 4th street, Chennai 82

₹4400/sq.ft.

The guideline value for Sayee Nagar 3rd & 4th Street, Chennai 82 in Ayanavaram village (Annanagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayanavaram

Village

AnnaNagar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sayee Nagar 3rd & 4th Street, Chennai 82

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Sayee Nagar 3rd & 4th street, Chennai 82 guideline value

The current guideline value for Sayee Nagar 3rd & 4th 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 3rd & 4th street, Chennai 82 has changed

Over the years, the guideline value for Sayee Nagar 3rd & 4th street has undergone several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% increase. However, the value then dropped to Rs 2,680 per sq.ft in 2017, representing a decrease of 33%. The 2023 revision saw the value rise again to Rs 4,000 per sq.ft, which was then increased to Rs 4,400 per sq.ft in 2024, a change of 10%.

From 2017 to 2023, the increase was 49%, bringing the value to Rs 4,000 per sq.ft. Overall, from the 2007 revision to the current 2024 figure, 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 in this area is Rs 4,900 per sq.ft, placing Sayee Nagar 3rd & 4th street's 2024 figure below this median.

Stamp duty and registration fee for property in Sayee Nagar 3rd & 4th street, Chennai 82

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sayee Nagar 3rd & 4th street, Chennai 82?

The Sub Registrar Office that covers Sayee Nagar 3rd & 4th street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 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 state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that both the buyer and seller are aware of their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for Sayee Nagar 3rd & 4th street?

The current guideline value for Sayee Nagar 3rd & 4th 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 seen several revisions, increasing from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 340%.

What is the classification of Sayee Nagar 3rd & 4th street?

Sayee Nagar 3rd & 4th street is classified as Residential Class II Type - I under the AnnaNagar SRO.

Where can I find the Sub Registrar Office for Sayee Nagar 3rd & 4th street?

The Sub Registrar Office for Sayee Nagar 3rd & 4th street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.