Guideline Value for ANNAI STREET

Annai Street guideline value

The current guideline value of Annai Street in Minjur village, under the Ponneri SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Annai Street has changed

The guideline value for Annai Street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 268 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Annai Street for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Minjur

In Minjur, there are a total of 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Annai Street's 2024 figure below this median.

• Annai Abhirami Nagar: Rs 440 per sq.ft (2024)
• Anna Street: Rs 550 per sq.ft (2024)
• Anvitha Reddy Avenue: Rs 440 per sq.ft (2024)
• Andal Nagar: Rs 440 per sq.ft (2024)
• Aravind Nagar: Rs 440 per sq.ft (2024)
• Anbalagan Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Street

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Street?

The Sub Registrar Office that covers Annai Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to assess the fees, ensuring that all transactions are compliant with local regulations.

When a property is registered, the guideline value helps establish the official record of the property's worth, which is essential for legal and tax purposes. This value is updated periodically, reflecting changes in the real estate market and ensuring that property transactions are conducted transparently.

Frequently asked questions

What is the current guideline value of Annai Street?

The current guideline value of Annai Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 268 per sq.ft to Rs 440 per sq.ft in 2024, marking a total increase of 64% over the seven years.

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

For a property valued at Rs 4,40,000, the stamp duty is Rs 30,800, and the registration fee is Rs 8,800, totaling Rs 39,600. These fees are based on the guideline value.

Which Sub Registrar Office covers Annai Street?

The Ponneri Sub Registrar Office covers Annai Street. It is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Annai Street?

Annai Street falls under the Residential Class III Type - I land classification, which is important for understanding its use and development potential.