Guideline Value for Shaik Sadhurudeen Sahib Street

Shaik Sadhurudeen Sahib Street guideline value

The current guideline value of Shaik Sadhurudeen Sahib Street is Rs 4,400 per sq.ft. This street is located in Aminjikarai village, under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Shaik Sadhurudeen Sahib Street has changed

The guideline value for Shaik Sadhurudeen Sahib Street has seen significant changes over the years. In 2002, the value was Rs 743 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007, marking a 62% rise. This was followed by a substantial increase to Rs 4,000 per sq.ft in 2012, representing a 233% increase. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose sharply to Rs 4,000 per sq.ft in 2023, and currently, as of the 2024 revision, it stands at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

There is no guideline value recorded for Shaik Sadhurudeen Sahib Street in the 2003 revision. The overall increase from the 2002 revision to the current 2024 revision is 492%, highlighting the significant changes in property values over the years.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO, with a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value among these streets is Rs 4,400 per sq.ft, which is the same as the current value for Shaik Sadhurudeen Sahib Street.

• Sengundha Mudali Street: Rs 4,400 per sq.ft (2024)
• Shenoy Nagar 2nd cross Street: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar 3nd cross Street: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar 4th cross Street: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar East Ist Main Road: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar East Main Road: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Shaik Sadhurudeen Sahib 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 amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total fees Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shaik Sadhurudeen Sahib Street?

The Sub Registrar Office that covers Shaik Sadhurudeen Sahib 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 details.

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

The guideline value is an essential factor when registering property transactions in Aminjikarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable duties, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shaik Sadhurudeen Sahib Street?

The current guideline value of Shaik Sadhurudeen Sahib Street is Rs 4,400 per sq.ft as of the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 743 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 492%.

What is the registration fee for property in Shaik Sadhurudeen Sahib Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Shaik Sadhurudeen Sahib Street 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 Aminjikarai?

Stamp duty is calculated at 7% of the higher value between the guideline value and the sale price. This ensures that the appropriate amount is paid during property registration.