Guideline Value for Sivasakthi Nagar 15th Street Annanoor

Sivasakthi Nagar 15th Street Annanoor guideline value

The current guideline value of Sivasakthi Nagar 15th Street Annanoor is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Sivasakthi Nagar 15th Street Annanoor has changed

The guideline value for Sivasakthi Nagar 15th Street Annanoor has undergone several revisions over the years. In 2012, the guideline value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,200 per sq.ft. The most recent revision in 2024 saw a further increase of 9%, resulting in the current guideline value of Rs 2,400 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which matches the current value for Sivasakthi Nagar 15th Street Annanoor.

• Sivasakthi Nagar 14th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 16th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 13th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 17th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 12th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 18th Street Annanoor: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar 15th Street Annanoor

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sivasakthi Nagar 15th Street Annanoor?

The Sivasakthi Nagar 15th Street Annanoor falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Thirumullaivoyal. It serves as a basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher value between the guideline value and the sale price. This ensures that all transactions are accounted for fairly and transparently.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 15th Street Annanoor?

The current guideline value of Sivasakthi Nagar 15th Street Annanoor is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Sivasakthi Nagar 15th Street Annanoor?

Sivasakthi Nagar 15th Street Annanoor is classified as Residential Class I Type - I.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Sivasakthi Nagar 15th Street Annanoor, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot of 1,000 sq.ft at the current guideline value, the total fees would amount to Rs 2,16,000.