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 Vallancheri 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 has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 402 per sq.ft. However, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and then further rose to the current rate of Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. This indicates a fluctuating trend in the guideline values over the years, reflecting changes in the local real estate landscape.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft. Annai Indra Street's 2024 guideline value of Rs 660 per sq.ft is below this median value.

• 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 guideline value of Rs 660 per sq.ft, the total 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, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallancheri. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during transactions.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

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 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and is currently Rs 660 per sq.ft in 2024.

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.

Where is the Sub Registrar Office for Annai Indra Street (Ward-21)?

The Sub Registrar Office for Annai Indra Street (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Vallancheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,60,000, the stamp duty would be calculated at 7% of this amount.