Guideline Value for Sivasakthi Nagar 6th Street Annanoor

Sivasakthi Nagar 6th Street Annanoor guideline value

The current guideline value of Sivasakthi Nagar 6th 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Sivasakthi Nagar 6th Street Annanoor has changed

The guideline value for Sivasakthi Nagar 6th Street Annanoor has seen several revisions over the years. The 2012 revision set the guideline value at Rs 2,200 per sq.ft, which was later reduced to Rs 1,474 per sq.ft in the 2017 revision. However, the most recent 2024 revision has increased the guideline value to Rs 2,400 per sq.ft, representing a significant increase of 63% from the 2017 figure. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street. This lack of data means that the changes in guideline value for those years cannot be assessed.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values 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 current guideline value of Sivasakthi Nagar 6th Street Annanoor.

• Sivasakthi Nagar 5th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 7th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 53th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 8th 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)

Stamp duty and registration fee for property in Sivasakthi Nagar 6th 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, charged at 7%, would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000. Together, the total cost for stamp duty and registration would be 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.

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

Which Sub Registrar Office covers Sivasakthi Nagar 6th Street Annanoor?

The Sivasakthi Nagar 6th Street Annanoor is covered by the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. The authorities use this value to ensure that the appropriate taxes are collected based on the property's assessed worth.

When a property is registered, the guideline value helps in establishing a clear and standardized pricing structure. This ensures that both buyers and sellers are aware of the costs involved in the transaction, minimizing disputes and misunderstandings during the registration process.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 6th Street Annanoor?

The current guideline value of Sivasakthi Nagar 6th 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 to Rs 2,400 per sq.ft in 2024. This represents a 63% increase from 2017 to 2024 and a 9% increase overall from 2012 to 2024.

What are the guideline values for other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal have a guideline value of Rs 2,400 per sq.ft as well, including Sivasakthi Nagar 5th, 7th, 8th, 51st, 52nd, and 53rd Streets Annanoor.

What is the stamp duty rate for properties in Sivasakthi Nagar 6th Street Annanoor?

The stamp duty rate for properties in Sivasakthi Nagar 6th 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 6th Street Annanoor?

The Sub Registrar Office covering Sivasakthi Nagar 6th Street Annanoor is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.