Guideline Value for Sivasakthi Nagar 47th Street Annanoor

Sivasakthi Nagar 47th Street Annanoor guideline value

The current guideline value of Sivasakthi Nagar 47th 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 47th Street Annanoor has changed

The guideline value for Sivasakthi Nagar 47th Street Annanoor has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,200 per sq.ft. This value decreased to Rs 1,474 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 2,200 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value has increased by 9% from 2012 to 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which is equal to the current value of Sivasakthi Nagar 47th Street Annanoor.

• Sivasakthi Nagar 46th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 48th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 45th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 49th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 44th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 43th Street Annanoor: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar 47th 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 essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sivasakthi Nagar 47th Street Annanoor?

The Sivasakthi Nagar 47th 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 additional assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 47th Street Annanoor?

The current guideline value of Sivasakthi Nagar 47th 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 are the stamp duty and registration fees for this property?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which office handles registrations for Sivasakthi Nagar 47th Street Annanoor?

The Ambattur Sub Registrar Office handles registrations for Sivasakthi Nagar 47th Street Annanoor, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the land classification for this street?

The land classification for Sivasakthi Nagar 47th Street Annanoor is Residential Class I Type - I.