Guideline Value for Sayee Nagar Ist Cross Street

Sayee Nagar Ist Cross Street guideline value

The current guideline value of Sayee Nagar Ist Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Sayee Nagar Ist Cross Street has changed

Looking at the revisions, the guideline value for Sayee Nagar Ist Cross Street has seen significant changes over the years. In 2012, the guideline value was Rs 4,000 per sq.ft. This value decreased to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased by 49% to reach Rs 4,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Koyakbedu

Koyakbedu has a total of 270 streets under the AnnaNagar SRO, with 2024 guideline values 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, which matches the current guideline value of Sayee Nagar Ist Cross Street.

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

Stamp duty and registration fee for property in Sayee Nagar Ist Cross Street

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 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sayee Nagar Ist Cross Street?

The Sub Registrar Office covering Sayee Nagar Ist Cross 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 Koyakbedu

The guideline value is a crucial factor in property transactions in Koyakbedu, as it determines the minimum value at which a property can be registered. When a property is bought or sold, the registration office uses this value to calculate the applicable stamp duty and registration fees.

It is important to ensure that the sale price of the property is either equal to or greater than the guideline value. This ensures compliance with the regulations set forth by the registration authorities.

Frequently asked questions

What is the current guideline value of Sayee Nagar Ist Cross Street?

The current guideline value of Sayee Nagar Ist Cross Street 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 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What are the guideline values of other streets in Koyakbedu?

Other streets in Koyakbedu have guideline values ranging from Rs 5,500 per sq.ft, such as Sayee Nagar Annexe, Sayee Nagar 7th and 8th Street, Sayee Nagar Ist Street, Sayee Nagar 6th Street, Sayee Nagar 5th Street, and Sayee Nagar 4th Street.

What is the stamp duty for property transactions in Sayee Nagar Ist Cross Street?

The stamp duty for property transactions in Sayee Nagar Ist Cross Street is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 3,08,000.

Where can I find the Sub Registrar Office for Sayee Nagar Ist Cross Street?

The Sub Registrar Office for Sayee Nagar Ist Cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.