Guideline Value for Sivasakthi Nagar 37th Street Annanoor

Sivasakthi Nagar 37th Street Annanoor guideline value

The current guideline value of Sivasakthi Nagar 37th 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 is classified as Residential Class I Type - I.

How the guideline value of Sivasakthi Nagar 37th Street Annanoor has changed

Over the years, the guideline value for Sivasakthi Nagar 37th Street Annanoor has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the latest revision in 2024 has increased the guideline value to Rs 2,400 per sq.ft, reflecting a significant rise of 63% from the 2017 figure.

When considering the overall change from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 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 value among these streets is Rs 2,400 per sq.ft, which is the same as the guideline value for Sivasakthi Nagar 37th Street Annanoor.

• Sivasakthi Nagar 36th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 38th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 35th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 39th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 34th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 33th Street Annanoor: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar 37th 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 charged at 7% would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000. Together, the total cost for these fees 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 information on calculating these fees.

Which Sub Registrar Office covers Sivasakthi Nagar 37th Street Annanoor?

The Sivasakthi Nagar 37th Street Annanoor falls under the jurisdiction of the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more details.

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

The guideline value is an essential factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware of the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 37th Street Annanoor?

The current guideline value of Sivasakthi Nagar 37th 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, and then increased to Rs 2,400 per sq.ft in 2024. This indicates a significant rise of 63% from 2017 to 2024.

What is the land classification for Sivasakthi Nagar 37th Street Annanoor?

Sivasakthi Nagar 37th Street Annanoor is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Sivasakthi Nagar 37th Street Annanoor?

The Sub Registrar Office covering Sivasakthi Nagar 37th Street Annanoor is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is the stamp duty calculated for properties in Sivasakthi Nagar 37th Street Annanoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, at the current guideline value of Rs 2,400 per sq.ft, the stamp duty for a 1,000 sq.ft property would be Rs 1,68,000.