Guideline Value for ANNAI INDIRA STREET

Annai Indira Street guideline value

The current guideline value of Annai Indira Street is Rs 1,650 per sq.ft. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Annai Indira Street has changed

The guideline value for Annai Indira Street has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which changed to Rs 1,005 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 1,500 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 1,650 per sq.ft, marking 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 for Annai Indira Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Annai Indira Street.

• Annai Indira 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Annai Indira 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Annai Indira 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Annai Garden: Rs 1,320 per sq.ft (2024)
• Annai Therasa Street: Rs 1,650 per sq.ft (2024)
• Annai Therasa Street Extn: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indira Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Annai Indira Street?

The Sub Registrar Office that covers Annai Indira 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 Pallikaranai

The guideline value is a crucial factor when buying or selling property in Pallikaranai, as it determines the amount of stamp duty and registration fees that need to be paid. It serves as a benchmark for the valuation of properties in the area, ensuring that transactions are conducted fairly and transparently.

When registering a property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty and registration fees are charged based on the higher of the guideline value or the sale price, ensuring that the state collects appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Indira Street?

The current guideline value of Annai Indira Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Annai Indira Street?

The land classification for Annai Indira Street is Residential Class IV Type - I.

Where can I find the registration office for Annai Indira Street?

The registration office for Annai Indira 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 Pallikaranai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.