Guideline Value for ANNAI INDIRA GANDHI STREET

Annai Indira Gandhi Street guideline value

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

How the guideline value of Annai Indira Gandhi Street has changed

According to the register, there are no figures for Annai Indira Gandhi Street for the years 2002, 2003, 2007, 2012, and 2023. The 2017 revision recorded a guideline value of Rs 1,340 per sq.ft. From 2017 to the 2024 revision, the guideline value increased by 64% to Rs 2,200 per sq.ft.

The current figure of Rs 2,200 per sq.ft in 2024 reflects a significant change from the previous revision in 2017. This increase indicates a notable adjustment in the guideline value for this street over the years.

Guideline values in Sholinganallur - 1

In 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 Gandhi Street.

• Annai Indira 2nd Street: Rs 2,200 per sq.ft (2024)
• 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)
• 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 Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Indira Gandhi Street?

The Sub Registrar Office that covers Annai Indira Gandhi 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 plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transactions are transparent and fair.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Indira Gandhi Street?

The current guideline value of Annai Indira Gandhi 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, marking a 64% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2023.

What is the land classification for Annai Indira Gandhi Street?

Annai Indira Gandhi Street is classified as Residential Class II Type - III under the Neelankarai SRO.

What are the other streets with the same guideline value in Sholinganallur - 1?

Other streets in Sholinganallur - 1 that have the same guideline value of Rs 2,200 per sq.ft in 2024 include Annai Indira 2nd Street, Annai Indira 2nd Cross Street, Annai Indira 1st Street, and Annai Indira 1st Cross Street.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.