Guideline Value for Sivasakthi Nagar 38th Street Annanoor

Sivasakthi Nagar 38th Street Annanoor guideline value

The current guideline value of Sivasakthi Nagar 38th 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 38th Street Annanoor has changed

Over the years, the guideline value of Sivasakthi Nagar 38th Street Annanoor has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the value to Rs 2,400 per sq.ft, marking a 63% rise from the 2017 figure. Overall, from 2012 to 2024, there has been a slight increase of 9%.

It is important to note that there are no figures available for the revisions in the years 2023, 2007, 2003, and 2002 for this street. The guideline value has fluctuated significantly, particularly from 2012 to 2017, where it saw a decrease of 33% before rebounding in the latest revision.

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 38th Street Annanoor.

• Sivasakthi Nagar 37th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 39th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 36th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 35th 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 38th 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 applicable stamp duty at 7% would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000. Therefore, the total cost for stamp duty and registration 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 calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivasakthi Nagar 38th Street Annanoor?

The Sivasakthi Nagar 38th 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 information.

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

When buying or selling property in Thirumullaivoyal, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the current guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost of the transaction. Understanding these values helps in making informed decisions during the property buying or selling process.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 38th Street Annanoor?

The current guideline value of Sivasakthi Nagar 38th 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. There are no figures available for the years 2023, 2007, 2003, and 2002.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000. These fees are based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Sivasakthi Nagar 38th Street Annanoor?

The Ambattur Sub Registrar Office covers Sivasakthi Nagar 38th Street Annanoor, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Sivasakthi Nagar 38th Street Annanoor?

Sivasakthi Nagar 38th Street Annanoor falls under the Residential Class I Type - I land classification.