Guideline Value for ANNAI STREET

Annai Street guideline value

The current guideline value of Annai Street in Vanagaram village is Rs 1,320 per sq.ft, effective from the 2024 revision. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Annai Street has changed

The guideline value for Annai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. Following this, the value saw a significant increase in the 2023 revision to Rs 1,200 per sq.ft, and then further rose to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for Annai Street in the years 2002, 2003, and 2007.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,660 per sq.ft, making the 2024 guideline value for Annai Street below this median.

• Anna Estate: Rs 1,320 per sq.ft (2024)
• Anna 3rd Street: Rs 1,100 per sq.ft (2024)
• Anna 2nd Street: Rs 1,100 per sq.ft (2024)
• Anna 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Anna 1st Street: Rs 1,100 per sq.ft (2024)
• Anna 1st Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total fees together Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Annai Street?

The Sub Registrar Office that covers Annai 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, Chennai registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Vanagaram. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

During the registration process, the guideline value is crucial as it helps in assessing the official value of the property. This ensures that all transactions are conducted transparently and in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Annai Street?

The current guideline value of Annai Street is Rs 1,320 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Annai Street?

Annai Street is classified as Residential Class IV Type - II under the Chennai South Joint I SRO.

Where can I find the Sub Registrar Office for Annai Street?

The Sub Registrar Office for Annai Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Annai Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot of 1,000 sq.ft at the guideline value of Rs 1,320 per sq.ft, the total fees would amount to Rs 1,18,800.