Guideline Value for Sivasakthi Nagar 18th Street Annanoor

Sivasakthi Nagar 18th Street Annanoor guideline value

The current guideline value of Sivasakthi Nagar 18th 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sivasakthi Nagar 18th Street Annanoor has changed

The guideline value for Sivasakthi Nagar 18th Street Annanoor has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which remained unchanged until the 2023 revision, where it was again recorded at Rs 2,200 per sq.ft. The latest revision in 2024 increased the value to Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

Between the years 2012 and 2024, the overall change in guideline value is also 9%. The register does not contain figures for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, 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 is equal to the current guideline value of Sivasakthi Nagar 18th Street Annanoor.

• Sivasakthi Nagar 17th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 19th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 16th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 15th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 14th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 13th Street Annanoor: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar 18th 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 would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000. Together, the total cost for stamp duty and registration fee would be Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sivasakthi Nagar 18th Street Annanoor?

The Sivasakthi Nagar 18th Street Annanoor falls under the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the authorities will charge the stamp duty based on the higher value between the guideline value and the sale price. Therefore, understanding the guideline value is essential for accurately calculating the costs associated with property transactions in this area.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 18th Street Annanoor?

The current guideline value of Sivasakthi Nagar 18th 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 2,400 per sq.ft in 2024, reflecting a 9% increase. There were no changes recorded for the years 2002, 2003, 2007, and 2017.

What is the land classification for Sivasakthi Nagar 18th Street Annanoor?

The land classification for Sivasakthi Nagar 18th Street Annanoor is Residential Class I Type - I. This classification indicates the type of development allowed in the area.

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

The Sub Registrar Office covering Sivasakthi Nagar 18th Street Annanoor is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.