Guideline Value for ANNAI INDRA STREET

Annai Indra Street guideline value

The current guideline value of Annai Indra Street in Arasankalani village is Rs 2,100 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Annai Indra Street has changed

The guideline value for Annai Indra Street has seen several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,100 per sq.ft as of the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the value rose by 49% from 2017 to 2023. The increase from 2023 to 2024 is 5%. Overall, from 2012 to 2024, there has been a 5% increase in the guideline value.

Guideline values in Arasankalani

In Arasankalani village, there are a total of 85 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value is Rs 2,100 per sq.ft, which is equal to the guideline value of Annai Indra Street.

• Amman Koil Street: Rs 1,300 per sq.ft (2024)
• Arasankazhani - Nookampalayam Road: Rs 2,100 per sq.ft (2024)
• Akshayam Roheline: Rs 3,500 per sq.ft (2024)
• Agni Avenue: Rs 1,650 per sq.ft (2024)
• Aditya Nagar: Rs 4,100 per sq.ft (2024)
• Bagathsingh Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indra Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annai Indra Street?

The Sub Registrar Office that covers Annai Indra Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Arasankalani. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers should be aware that the guideline value is considered the minimum value for registration purposes.

When registering a property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It serves as a benchmark for assessing property values in the area, which can affect the overall transaction process.

Frequently asked questions

What is the current guideline value of Annai Indra Street?

The current guideline value of Annai Indra Street is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and is currently Rs 2,100 per sq.ft in 2024.

What is the land classification of Annai Indra Street?

Annai Indra Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties in Annai Indra Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 21,00,000, the total fees would be Rs 1,89,000.

Which office handles property registrations for Annai Indra Street?

The Selaiyur Sub Registrar Office handles property registrations for Annai Indra Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.