Guideline Value for Sivasakthi Nagar 40th Street Annanoor

Sivasakthi Nagar 40th Street Annanoor guideline value

The current guideline value of Sivasakthi Nagar 40th 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 for this area is Residential Class I Type - I.

How the guideline value of Sivasakthi Nagar 40th Street Annanoor has changed

The guideline value for Sivasakthi Nagar 40th Street Annanoor has seen several revisions over the years. In 2012, the guideline value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in 2017. However, the latest revision in 2024 increased the guideline value to Rs 2,400 per sq.ft, marking a significant rise of 63% from the 2017 figure.

Overall, 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 figure for this street for the years 2002, 2003, 2007, and 2023.

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 is Rs 2,400 per sq.ft, which is also the current guideline value for Sivasakthi Nagar 40th Street Annanoor.

• Sivasakthi Nagar 41th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 3rd Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 42th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 43th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 44th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 45th Street Annanoor: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar 40th 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 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 accurate calculations.

Which Sub Registrar Office covers Sivasakthi Nagar 40th Street Annanoor?

The Sivasakthi Nagar 40th Street Annanoor is covered by 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 crucial 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 government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements in property transactions.

Frequently asked questions

What is the current guideline value for Sivasakthi Nagar 40th Street Annanoor?

The current guideline value for Sivasakthi Nagar 40th Street Annanoor is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for this street?

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 marks a 63% increase from the 2017 figure.

What is the land classification for Sivasakthi Nagar 40th Street Annanoor?

The land classification for Sivasakthi Nagar 40th Street Annanoor is Residential Class I Type - I.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Sivasakthi Nagar 40th Street Annanoor, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 24,00,000, the stamp duty at 7% would amount to Rs 1,68,000.