Guideline Value for ANNAI INDIRA 2ND STREET

Annai Indira 2nd Street guideline value

The current guideline value of Annai Indira 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village, under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

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

In the 2017 revision, the guideline value was set at Rs 1,340 per sq.ft. This figure remained until the recent 2024 revision, which has increased the value to Rs 2,200 per sq.ft, marking an increase of 64% over the seven-year period. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

With the 2024 revision, the guideline value of Annai Indira 2nd Street aligns with the median value of Rs 2,200 per sq.ft for the 754 streets in Sholinganallur - 1 under the Neelankarai SRO. This reflects a significant adjustment in property valuation in the area over the years.

Guideline values in Sholinganallur - 1

The village figures for Sholinganallur - 1 indicate a range of guideline values from Rs 1,000 to Rs 8,800 per sq.ft, with the median being Rs 2,200 per sq.ft. Annai Indira 2nd Street's 2024 figure matches this median value.

• Annai Indira 2nd Cross 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 Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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 to Rs 1,98,000. 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 Annai Indira 2nd Street?

The Sub Registrar Office that covers Annai Indira 2nd 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 information.

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

The guideline value is a crucial factor 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 applicable to the transaction.

When a property is registered, the authorities use the guideline value to calculate the necessary fees, ensuring that the transaction is documented accurately. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of Annai Indira 2nd 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 increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, which is a 64% increase. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

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

The land classification for Annai Indira 2nd Street is Residential Class II Type - III. This classification indicates the type of development permissible in the area.

What are the stamp duty and registration fees for properties on this street?

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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Annai Indira 2nd Street?

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