Guideline Value for Sayee Nagar 4th Street

Sayee Nagar 4th Street guideline value

The current guideline value of Sayee Nagar 4th Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sayee Nagar 4th Street has changed

The guideline value for Sayee Nagar 4th Street has undergone several revisions over the years. The earliest recorded revision 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 285% rise. However, it decreased to Rs 3,350 per sq.ft in 2017, representing a 33% decline. The value then saw a substantial increase to Rs 5,000 per sq.ft in 2023, followed by a further rise to Rs 5,500 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 323%.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Sayee Nagar 4th Street's 2024 figure above that median.

• Sayee Nagar 3rd Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 5th Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 6th Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 7th and 8th Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 2nd Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar Annexe: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sayee Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be 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. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sayee Nagar 4th Street?

The Sub Registrar Office that covers Sayee Nagar 4th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Koyakbedu

The guideline value is a critical factor when registering property transactions in Koyakbedu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When a property is bought or sold, the guideline value helps determine the official value of the property for taxation purposes. Buyers and sellers should be aware of the current guideline value to ensure accurate financial planning during the transaction process.

Frequently asked questions

What is the current guideline value of Sayee Nagar 4th Street?

The current guideline value of Sayee Nagar 4th Street 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 a total increase of 323% over the years.

What is the median guideline value in Koyakbedu?

The median guideline value for streets in Koyakbedu is Rs 4,400 per sq.ft, with Sayee Nagar 4th Street's 2024 value being above this median.

What are the stamp duty and registration fees for property in Sayee Nagar 4th Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total cost would be Rs 4,95,000.

Which office handles registrations for Sayee Nagar 4th Street?

The AnnaNagar Sub Registrar Office handles registrations for Sayee Nagar 4th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.