Guideline Value for Srinivasa Nagar Annexe 2nd Street

Srinivasa Nagar Annexe 2nd Street guideline value

The current guideline value of Srinivasa Nagar Annexe 2nd Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Srinivasa Nagar Annexe 2nd Street has changed

Over the years, the guideline value for Srinivasa Nagar Annexe 2nd Street has seen several revisions. The 2007 revision set the value at Rs 1,300 per sq.ft. This was followed by a significant increase in the 2012 revision, which raised it to Rs 4,500 per sq.ft, marking a 246% increase. However, the 2017 revision saw a decrease to Rs 3,015 per sq.ft, representing a 33% decline. The value then rose again to Rs 4,500 per sq.ft in the 2023 revision, and as of the 2024 revision, it is now Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

In summary, from the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 277%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Koyakbedu

Koyakbedu village has a range of guideline values across its 270 streets under the AnnaNagar SRO, with figures ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, which means that the current guideline value of Rs 4,900 per sq.ft for Srinivasa Nagar Annexe 2nd Street is above this median.

• Srinivasa Nagar Ist street: Rs 4,900 per sq.ft (2024)
• Srinivasa Nagar Main Road: Rs 4,900 per sq.ft (2024)
• Srinivasa Nagar 2nd street: Rs 4,900 per sq.ft (2024)
• Sri Ayyappa Nagar Main Road: Rs 4,900 per sq.ft (2024)
• Sri Ayyappa Nagar Ist Cross Street: Rs 4,900 per sq.ft (2024)
• Sri Ayyappa Nagar, 6th Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Nagar Annexe 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total cost for these fees Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Srinivasa Nagar Annexe 2nd Street?

The Sub Registrar Office that covers Srinivasa Nagar Annexe 2nd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Koyakbedu. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction. The guideline value is set by the Registration Department and is updated periodically.

When buying or selling property, it is essential to be aware of the current guideline value as it can significantly impact the overall cost of the transaction. Ensuring that you have the correct guideline value can help avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar Annexe 2nd Street?

The current guideline value of Srinivasa Nagar Annexe 2nd Street is Rs 4,900 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 1,300 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, representing a total increase of 277% over the years.

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

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles registrations for Srinivasa Nagar Annexe 2nd Street?

The AnnaNagar Sub Registrar Office handles registrations for Srinivasa Nagar Annexe 2nd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for this area?

The land classification for Srinivasa Nagar Annexe 2nd Street is Residential Class II Type - II.