Guideline Value for Sivasakthi Nagar 53th Street Annanoor

Sivasakthi Nagar 53th Street Annanoor guideline value

The current guideline value of Sivasakthi Nagar 53th 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 is classified as Residential Class I Type - I.

How the guideline value of Sivasakthi Nagar 53th Street Annanoor has changed

The guideline value for Sivasakthi Nagar 53th Street Annanoor has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to the 2024 revision, the guideline value increased significantly to Rs 2,400 per sq.ft, reflecting a rise of 63%.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 9%. It is important to note that the register does not have 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 value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Sivasakthi Nagar 53th Street Annanoor.

• Sivasakthi Nagar 52th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 51th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 50th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 5th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 4th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 6th Street Annanoor: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar 53th 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 cost for these fees to Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivasakthi Nagar 53th Street Annanoor?

The Sivasakthi Nagar 53th Street Annanoor falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area. The guideline value is set by the Registration Department and is regularly revised to reflect changes in the market.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the state collects the appropriate revenue from property transactions, contributing to local development and infrastructure.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 53th Street Annanoor?

The current guideline value of Sivasakthi Nagar 53th 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 reflects a decline of 33% from 2012 to 2017, followed by a rise of 63% from 2017 to 2024.

What is the land classification for Sivasakthi Nagar 53th Street Annanoor?

Sivasakthi Nagar 53th Street Annanoor is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sivasakthi Nagar 53th Street Annanoor?

The Sub Registrar Office covering Sivasakthi Nagar 53th Street Annanoor is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is the stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty for properties in Thirumullaivoyal is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 24,00,000, the stamp duty at 7% would be Rs 1,68,000.