Guideline Value for Sayee Nagar

Sayee Nagar guideline value

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

How the guideline value of Sayee Nagar has changed

Since the 2007 revision, the guideline value for Sayee Nagar has seen significant changes. In 2007, the value was Rs 1,300 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. However, it dropped to Rs 3,350 per sq.ft in 2017. The 2023 revision saw a rise to Rs 5,000 per sq.ft, and the most recent 2024 revision has further increased it to Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 323%. The revisions for 2002 and 2003 do not have figures recorded for this street.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value across these streets is Rs 4,400 per sq.ft, meaning Sayee Nagar's current value is above that median.

• Sayee Nagar 1st Main Road: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 2nd Main Road: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 2nd Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 3rd Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 4th Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 5th Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sayee Nagar

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 amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sayee Nagar?

The Sub Registrar Office that covers Sayee Nagar 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 crucial factor in the property registration process in Koyakbedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sayee Nagar?

The current guideline value of Sayee Nagar is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,300 per sq.ft to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 323%.

What is the land classification for Sayee Nagar?

Sayee Nagar falls under the Residential Class I Type - I land classification.

What is the registration office for Sayee Nagar?

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

How is the stamp duty calculated for properties in Sayee Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000.