Guideline Value for Sivasakthi Nagar 5th Street Annanoor

Sivasakthi Nagar 5th Street Annanoor guideline value

The current guideline value for Sivasakthi Nagar 5th 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, classified as Residential Class I Type - I.

How the guideline value of Sivasakthi Nagar 5th Street Annanoor has changed

The guideline value for Sivasakthi Nagar 5th 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 the 2017 revision. However, the most recent revision in 2024 has increased the guideline value to Rs 2,400 per sq.ft, marking a significant increase of 63% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, there has been a slight increase of 9%. 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, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the current guideline value of Sivasakthi Nagar 5th Street Annanoor.

• Sivasakthi Nagar 6th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 53th Street Annanoor: Rs 2,400 per sq.ft (2024)
• 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 7th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 50th Street Annanoor: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar 5th 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 fees to 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.

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

Which Sub Registrar Office covers Sivasakthi Nagar 5th Street Annanoor?

The Sivasakthi Nagar 5th 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.

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 critical factor when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that transactions are conducted at fair values as per government regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers and sellers must be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 5th Street Annanoor?

The current guideline value of Sivasakthi Nagar 5th 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.

What is the land classification for Sivasakthi Nagar 5th Street Annanoor?

Sivasakthi Nagar 5th Street Annanoor is classified as Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Sivasakthi Nagar 5th Street Annanoor is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 24,00,000, the total fees would amount to Rs 2,16,000.