Guideline Value for Sivasakthi Nagar 8th Street Annanoor

Sivasakthi Nagar 8th Street Annanoor guideline value

The current guideline value of Sivasakthi Nagar 8th 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 8th Street Annanoor has changed

Over the years, the guideline value for Sivasakthi Nagar 8th Street Annanoor has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in the 2017 revision, showing a decline of 33%. However, from 2017 to the 2024 revision, the value increased significantly to Rs 2,400 per sq.ft, representing a rise of 63%.

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 revisions in 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 guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Sivasakthi Nagar 8th Street Annanoor.

• Sivasakthi Nagar 7th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 9th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 6th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 5th 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)

Stamp duty and registration fee for property in Sivasakthi Nagar 8th 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sivasakthi Nagar 8th Street Annanoor?

The Sivasakthi Nagar 8th 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 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 of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration fees and stamp duties are calculated fairly based on this established value.

When buying or selling property, the guideline value helps to ascertain the official value of the property for legal documentation. This is particularly important for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 8th Street Annanoor?

The current guideline value of Sivasakthi Nagar 8th 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 are the other streets in Thirumullaivoyal with the same guideline value?

Several other streets in Thirumullaivoyal also have a guideline value of Rs 2,400 per sq.ft, including Sivasakthi Nagar 7th, 9th, 6th, 5th, 53th, and 52th Streets Annanoor.

What is the stamp duty for property in Sivasakthi Nagar 8th Street Annanoor?

The stamp duty for property in Sivasakthi Nagar 8th Street Annanoor is 7% of the guideline value, which amounts to Rs 1,68,000 for a 1,000 sq.ft plot at the current rate.

Which office handles the registration for Sivasakthi Nagar 8th Street Annanoor?

The registration for Sivasakthi Nagar 8th Street Annanoor is handled by the Ambattur Sub Registrar Office, located in Chennai.