Guideline Value for ANNA STREET POTHERI (WARD -1)

Anna Street Potheri (Ward -1) guideline value

The current guideline value of Anna Street Potheri (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Anna Street Potheri (Ward -1) has changed

The guideline value for Anna Street Potheri has seen several revisions over the years. In the 2012 revision, the value was Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the current 2024 revision has further raised it to Rs 770 per sq.ft, marking a 10% increase from the previous year. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The most significant change occurred between 2017 and 2023, where the value surged by 49% from Rs 469 per sq.ft to Rs 700 per sq.ft.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 770 per sq.ft, which is equal to the current figure for Anna Street Potheri.

• Anna Street (Ward-20): Rs 881 per sq.ft (2024)
• Anna Street (Ward-21): Rs 660 per sq.ft (2024)
• Annai Therasha Street (Ward-20): Rs 881 per sq.ft (2024)
• Annai Indra Street (Ward-21): Rs 660 per sq.ft (2024)
• Arun Execello Estancia Residential Apts (Ward -1): Rs 2,200 per sq.ft (2024)
• Athiparasakthi Nagar, Thailavaram (Ward-21): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street Potheri (Ward -1)

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Street Potheri (Ward -1)?

The Chengleput Joint II Sub Registrar Office covers Anna Street Potheri (Ward -1). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Thailavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This value serves as a benchmark for the pricing of properties in the area.

When registering a property, buyers and sellers must ensure that the sale price is either equal to or higher than the guideline value. This ensures compliance with local regulations and helps avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Anna Street Potheri (Ward -1)?

The current guideline value of Anna Street Potheri (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and currently stands at Rs 770 per sq.ft in 2024.

What is the land classification for Anna Street Potheri?

Anna Street Potheri is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Anna Street Potheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 7,70,000, the stamp duty at 7% would be Rs 53,900.