Guideline Value for ANNAI INDIRA 2ND CROSS STREET

Annai Indira 2nd Cross Street guideline value

The current guideline value of Annai Indira 2nd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. It is classified as Residential Class II Type - III.

How the guideline value of Annai Indira 2nd Cross Street has changed

The guideline value for Annai Indira 2nd Cross Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is the same as the current value for Annai Indira 2nd Cross Street.

• Annai Indira 2nd Street: Rs 2,200 per sq.ft (2024)
• Annai Indira 1st Street: Rs 2,200 per sq.ft (2024)
• Annai Indira 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Annai Indira Gandhi Street: Rs 2,200 per sq.ft (2024)
• Anil Nagar Garden: Rs 3,900 per sq.ft (2024)
• Anil Metha Thottam: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indira 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Annai Indira 2nd Cross Street?

The Sub Registrar Office that covers Annai Indira 2nd Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the sale price is in line with the official valuation. This helps maintain transparency and fairness in property transactions within the area.

Frequently asked questions

What is the current guideline value of Annai Indira 2nd Cross Street?

The current guideline value of Annai Indira 2nd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over this period.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office handles registrations for this street?

The Neelankarai Sub Registrar Office handles registrations for Annai Indira 2nd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the land classification for Annai Indira 2nd Cross Street?

Annai Indira 2nd Cross Street is classified as Residential Class II Type - III, indicating its designated use for residential purposes.