Guideline Value for Sayee Nagar 5th Street

Sayee Nagar 5th Street guideline value

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

How the guideline value of Sayee Nagar 5th Street has changed

The guideline value for Sayee Nagar 5th Street has seen several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 285%. However, it then decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 5,000 per sq.ft in 2023, and most recently to Rs 5,500 per sq.ft in 2024, reflecting an increase of 10%.

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 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 in this area is Rs 4,400 per sq.ft, making the current value of Sayee Nagar 5th Street above the median.

• Sayee Nagar 4th Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 6th Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 3rd Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 7th and 8th Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar Annexe: Rs 5,500 per sq.ft (2024)
• Sayee Nagar Ist Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sayee Nagar 5th Street

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 at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total charges to Rs 4,95,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sayee Nagar 5th Street?

The Sub Registrar Office that covers Sayee Nagar 5th 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 information.

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

The guideline value is an important metric used during the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for calculating the stamp duty and registration fees that are applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Sayee Nagar 5th Street?

The current guideline value of Sayee Nagar 5th 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 an overall increase of 323% over the years.

What is the median guideline value in Koyakbedu?

The median guideline value in Koyakbedu is Rs 4,400 per sq.ft, which is lower than the current value of Sayee Nagar 5th Street.

What are the stamp duty rates for properties in Sayee Nagar 5th Street?

The stamp duty for properties in Sayee Nagar 5th Street is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sayee Nagar 5th Street located?

The Sub Registrar Office for Sayee Nagar 5th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.