Guideline Value for ANNADURAI STREET

Annadurai Street guideline value

The current guideline value of Annadurai Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Annadurai Street has changed

The guideline value for Annadurai Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 822 per sq.ft. This increased to Rs 946 per sq.ft in 2003, marking a change of +15%. The value continued to rise, reaching Rs 1,300 per sq.ft in 2007, which was a significant increase of +37%. By 2012, the value was Rs 3,000 per sq.ft, reflecting a substantial jump of +131% from the previous revision.

In 2017, the guideline value decreased to Rs 2,010 per sq.ft, showing a decline of -33%. However, this was followed by a significant increase to Rs 3,000 per sq.ft in 2023, which was a rise of +49%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, representing a +10% increase from 2023. There are no figures available for other years for this street.

Guideline values in Saidapet

In Saidapet village, there are 52 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the current guideline value of Annadurai Street.

• Amma Kannamma Street: Rs 2,750 per sq.ft (2024)
• Deewan Bashyam Iyengar Lane / Street: Rs 3,300 per sq.ft (2024)
• Dhanapal Chetty Street: Rs 2,750 per sq.ft (2024)
• Jayaram Chetty Street: Rs 5,500 per sq.ft (2024)
• Jones Road: Rs 8,250 per sq.ft (2024)
• Kamarajar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annadurai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annadurai Street?

The Sub Registrar Office that covers Annadurai Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Saidapet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. These costs are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annadurai Street?

The current guideline value of Annadurai Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 822 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of +301% over the years.

What is the land classification for Annadurai Street?

The land classification for Annadurai Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Annadurai Street?

The Sub Registrar Office for Annadurai Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Annadurai Street?

Stamp duty for properties in Annadurai Street is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty would amount to Rs 2,31,000.