Guideline Value for Sivasakthi Nagar 48th Street Annanoor

Sivasakthi Nagar 48th Street Annanoor guideline value

The current guideline value for Sivasakthi Nagar 48th 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. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sivasakthi Nagar 48th Street Annanoor has changed

The guideline value for Sivasakthi Nagar 48th Street Annanoor has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was followed by a decrease to Rs 1,474 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,200 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 2,400 per sq.ft, marking a 9% rise 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, from 2012 to 2024, the guideline value has increased by 9%.

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 guideline value for Sivasakthi Nagar 48th Street Annanoor.

• Sivasakthi Nagar 47th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 49th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 46th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 45th 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 48th 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, while the registration fee at 2% would be Rs 48,000. 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sivasakthi Nagar 48th Street Annanoor?

The Sub Registrar Office that covers Sivasakthi Nagar 48th Street Annanoor is 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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

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

Frequently asked questions

What is the current guideline value for Sivasakthi Nagar 48th Street Annanoor?

The current guideline value for Sivasakthi Nagar 48th 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 significantly from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then rising to Rs 2,200 per sq.ft in 2023, and finally reaching Rs 2,400 per sq.ft in 2024.

What is the land classification for Sivasakthi Nagar 48th Street Annanoor?

The land classification for Sivasakthi Nagar 48th Street Annanoor is Residential Class I Type - I.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Sivasakthi Nagar 48th Street Annanoor is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sivasakthi Nagar 48th Street Annanoor?

The Sub Registrar Office for Sivasakthi Nagar 48th Street Annanoor is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.