Guideline Value for Sivasakthi Nagar 2nd Street Annanoor

Sivasakthi Nagar 2nd Street Annanoor guideline value

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

How the guideline value of Sivasakthi Nagar 2nd Street Annanoor has changed

Over the years, the guideline value for Sivasakthi Nagar 2nd Street Annanoor has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 2,200 per sq.ft, and the most recent 2024 revision has set it at Rs 2,400 per sq.ft. The changes between these revisions are notable: from 2017 to 2023, there was a significant increase of 49%, while the 2023 to 2024 revision saw an increase of 9%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The absence of figures during these years indicates a lack of recorded changes in guideline values.

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 is Rs 2,400 per sq.ft, which is equal to the 2024 figure for Sivasakthi Nagar 2nd Street Annanoor.

• Sivasakthi Nagar 30th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 31th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 32th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 29th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 33th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 28th Street Annanoor: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar 2nd 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 cost 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sivasakthi Nagar 2nd Street Annanoor?

The Sivasakthi Nagar 2nd 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government collects appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that both buyers and sellers are aware of the financial obligations associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 2nd Street Annanoor?

The current guideline value of Sivasakthi Nagar 2nd 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 2023 to Rs 2,400 per sq.ft in 2024, marking a 9% increase. It was Rs 1,474 per sq.ft in 2017, representing a 49% increase from that year to 2023.

What is the land classification for Sivasakthi Nagar 2nd Street Annanoor?

The land classification for Sivasakthi Nagar 2nd Street Annanoor is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Sivasakthi Nagar 2nd Street Annanoor?

The registration office for Sivasakthi Nagar 2nd 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 Sivasakthi Nagar 2nd Street Annanoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,68,000 at a rate of 7%.