Guideline Value for Sayee Nagar Ist Street

Sayee Nagar Ist Street guideline value

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

How the guideline value of Sayee Nagar Ist Street has changed

Over the years, the guideline value of Sayee Nagar Ist Street has seen significant changes. In the 2007 revision, the value was Rs 1,300 per sq.ft. This increased to Rs 5,000 per sq.ft in the 2012 revision, marking a substantial rise of 285%. However, in the 2017 revision, the value decreased to Rs 3,350 per sq.ft, a decline of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, before reaching the current value of Rs 5,500 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 323%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for the village is Rs 4,400 per sq.ft, placing Sayee Nagar Ist Street's 2024 figure above that median.

• Sayee Nagar Ist Cross Street: Rs 4,400 per sq.ft (2024)
• 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 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 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, totaling Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sayee Nagar Ist Street?

The Sub Registrar Office that covers Sayee Nagar Ist 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Koyakbedu. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable during the transaction.

Frequently asked questions

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

The current guideline value of Sayee Nagar Ist 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, with various increases and decreases in between, notably a 285% increase from 2007 to 2012, followed by a decrease in 2017.

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 Ist Street's current value being above this median.

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

For a 1,000 sq.ft property at the current rate, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles registrations for Sayee Nagar Ist Street?

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