Guideline Value for Sivasakthi Nagar 35th Street Annanoor

Sivasakthi Nagar 35th Street Annanoor guideline value

The current guideline value of Sivasakthi Nagar 35th Street Annanoor is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sivasakthi Nagar 35th Street Annanoor has changed

The guideline value for Sivasakthi Nagar 35th Street Annanoor has undergone several revisions over the years. The earliest recorded figure is from 2012, set at Rs 2,200 per sq.ft. This value was revised to Rs 1,474 per sq.ft in 2017, marking a decrease of 33%. In 2023, the guideline value increased to Rs 2,200 per sq.ft, and further rose to Rs 2,400 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 2,200 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 9%, with the current figure of Rs 2,400 per sq.ft aligning with the median value for the 975 streets in Thirumullaivoyal under the Ambattur SRO.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, the guideline values range from Rs 880 to Rs 5,500 per sq.ft, with a median of Rs 2,400 per sq.ft. The guideline value for Sivasakthi Nagar 35th Street Annanoor is equal to this median.

• Sivasakthi Nagar 34th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 36th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 33th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 37th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 32th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 38th Street Annanoor: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar 35th 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, leading to a total of 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.

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

Which Sub Registrar Office covers Sivasakthi Nagar 35th Street Annanoor?

The Sub Registrar Office that covers Sivasakthi Nagar 35th Street Annanoor is 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 critical factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall costs involved in the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 35th Street Annanoor?

The current guideline value of Sivasakthi Nagar 35th 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 35th Street Annanoor?

The land classification for Sivasakthi Nagar 35th Street Annanoor is Residential Class I Type - I.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office for Sivasakthi Nagar 35th Street Annanoor is 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?

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