Guideline Value for Sivasakthi Nagar 32th Street Annanoor

Sivasakthi Nagar 32th Street Annanoor guideline value

The current guideline value of Sivasakthi Nagar 32th 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, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Sivasakthi Nagar 32th Street Annanoor has changed

The guideline value for Sivasakthi Nagar 32th Street Annanoor has seen several revisions over the years. The oldest recorded figure is from 2012, which was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 2,200 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 2,400 per sq.ft. The changes between these revisions are notable, with a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and a 9% increase from 2023 to 2024.

There are no recorded 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 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 current guideline value of Sivasakthi Nagar 32th Street Annanoor.

• Sivasakthi Nagar 31th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 33th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 30th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 34th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 35th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 2nd Street Annanoor: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar 32th 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 duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sivasakthi Nagar 32th Street Annanoor?

The Sivasakthi Nagar 32th 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 of property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during the transaction.

When a property is registered, the guideline value is assessed to calculate the applicable fees. It is essential to note that the higher amount between the guideline value and the sale price is used for calculating the stamp duty.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 32th Street Annanoor?

The current guideline value of Sivasakthi Nagar 32th 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 back 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 32th Street Annanoor?

Sivasakthi Nagar 32th Street Annanoor is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, a 1,000 sq.ft property would incur a total fee of Rs 2,16,000 based on the current guideline value.

Which office handles the registration for Sivasakthi Nagar 32th Street Annanoor?

The registration for Sivasakthi Nagar 32th Street Annanoor is handled by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.