Guideline Value for Sivasakthi Nagar 42th Street Annanoor

Sivasakthi Nagar 42th Street Annanoor guideline value

The current guideline value of Sivasakthi Nagar 42th 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 42th Street Annanoor has changed

Over the years, the guideline value for Sivasakthi Nagar 42th Street Annanoor has seen several revisions. The earliest recorded figure is from 2012, where the guideline value was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in the 2017 revision, marking a reduction of 33%. However, the most recent revision in 2024 has seen a significant increase to Rs 2,400 per sq.ft, which represents a 63% rise from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a slight increase of 9% in the guideline value. 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 guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the 2024 figure for Sivasakthi Nagar 42th Street Annanoor.

• Sivasakthi Nagar 41th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 43th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 40th 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)
• Sivasakthi Nagar 3rd Street Annanoor: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar 42th 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 at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivasakthi Nagar 42th Street Annanoor?

The Sivasakthi Nagar 42th Street Annanoor is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted at a fair value as per government standards.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 42th Street Annanoor?

The current guideline value of Sivasakthi Nagar 42th 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 represents a significant increase of 63% from 2017 to 2024.

What are the guideline values for other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal also have a guideline value of Rs 2,400 per sq.ft in 2024. This includes Sivasakthi Nagar 41th, 43th, 40th, 44th, 45th, and 3rd Streets Annanoor.

Where can I find my Sub Registrar Office?

The Ambattur Sub Registrar Office covers Sivasakthi Nagar 42th Street Annanoor. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000, leading to specific fees based on that amount.