Guideline Value for ANNAI 3rd STREET

ANNAI 3rd STREET guideline value

The current guideline value of ANNAI 3rd STREET in Okkiyamthuraipakkam village under the Neelankarai SRO is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of ANNAI 3rd STREET has changed

The guideline value for ANNAI 3rd STREET has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 3,000 per sq.ft. In 2017, it decreased to Rs 2,010 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value significantly increased by 49%, reaching Rs 3,000 per sq.ft. The latest revision in 2024 sets the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of ANNAI 3rd STREET.

• ANNAI 2nd STREET: Rs 3,300 per sq.ft (2024)
• ANNAI 1st STREET: Rs 3,300 per sq.ft (2024)
• Annai Avenue: Rs 3,900 per sq.ft (2024)
• Anna Avenue(Annamalai Avenue): Rs 3,900 per sq.ft (2024)
• ANNAI AVENUE 1st STREET: Rs 2,800 per sq.ft (2024)
• ANNAI AVENUE 2nd STREET: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in ANNAI 3rd 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 cost to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers ANNAI 3rd STREET?

The Sub Registrar Office that covers ANNAI 3rd STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a benchmark used during the registration of property transactions in Okkiyamthuraipakkam. It helps determine the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of ANNAI 3rd STREET?

The current guideline value of ANNAI 3rd 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 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in ANNAI 3rd STREET?

For a 1,000 sq.ft property, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers ANNAI 3rd STREET?

ANNAI 3rd STREET is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of ANNAI 3rd STREET?

ANNAI 3rd STREET is classified as Residential Class II Type - I.