Guideline Value for ANNAI INDRA STREET (WARD-21)

Annai Indra Street (Ward-21) guideline value

The current guideline value of Annai Indra Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Potheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Annai Indra Street (Ward-21) has changed

The guideline value for Annai Indra Street (Ward-21) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 402 per sq.ft. The value then increased to Rs 600 per sq.ft in 2023 and further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has seen a 10% increase.

Between the revisions, the 2017 to 2023 period saw a significant increase of 49%, while the 2012 to 2017 period experienced a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Annai Indra Street's value below this median.

• Annai Therasha Street (Ward-20): Rs 880 per sq.ft (2024)
• Amman Koil Street (Ward-20): Rs 880 per sq.ft (2024)
• Anna Street Potheri (Ward -1): Rs 770 per sq.ft (2024)
• Anna Street (Ward-20): Rs 880 per sq.ft (2024)
• Anna Street (Ward-21): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -20): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indra Street (Ward-21)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, together totaling Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Indra Street (Ward-21)?

The Chengleput Joint II Sub Registrar Office covers Annai Indra Street (Ward-21). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Potheri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Annai Indra Street (Ward-21)?

The current guideline value of Annai Indra Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024. Notably, it decreased to Rs 402 per sq.ft in 2017 before increasing again in subsequent revisions.

What is the land classification for Annai Indra Street (Ward-21)?

The land classification for Annai Indra Street (Ward-21) is Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Potheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees are appropriately assessed during property transactions.