Guideline Value for Sayee Nagar 6th Street

Sayee Nagar 6th Street guideline value

The current guideline value of Sayee Nagar 6th 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 6th Street has changed

Over the years, the guideline value of Sayee Nagar 6th Street has seen significant changes. The 2007 revision recorded a value of Rs 1,300 per sq.ft. This increased to Rs 5,000 per sq.ft in 2012, marking a substantial rise of 285%. However, in 2017, the value dropped to Rs 3,350 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year.

The register does not have 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

Koyakbedu village has a range of guideline values across its 270 streets under the AnnaNagar SRO, with figures for 2024 ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, making the 2024 guideline value of Sayee Nagar 6th Street above this median.

• Sayee Nagar 5th Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 7th and 8th Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 4th Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar Annexe: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 3rd Street: 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 6th 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, making the total fees together Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sayee Nagar 6th Street?

The Sub Registrar Office that covers Sayee Nagar 6th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is crucial when registering property transactions in Koyakbedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted fairly and transparently.

When you buy or sell a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sayee Nagar 6th Street?

The current guideline value of Sayee Nagar 6th 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 significantly from Rs 1,300 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 323% over the years.

What are the stamp duty and registration fees for properties in Sayee Nagar 6th Street?

For a 1,000 sq.ft property at the current guideline value, the total fees would amount to Rs 4,95,000, which includes stamp duty and registration fees based on the guideline value.

Which office handles registrations for Sayee Nagar 6th Street?

The AnnaNagar Sub Registrar Office handles registrations for Sayee Nagar 6th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating stamp duty and registration fees during property transactions in Koyakbedu.