Guideline Value for ANNAI THERASA STREET EXTN

Annai Therasa Street Extn guideline value

The current guideline value of Annai Therasa Street Extn is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Annai Therasa Street Extn has changed

The guideline value for Annai Therasa Street Extn has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the most recent 2024 revision has increased the guideline value to Rs 1,650 per sq.ft, reflecting a significant increase of 64% from 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 regarding this street.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Annai Therasa Street Extn.

• Annai Therasa Street: Rs 1,650 per sq.ft (2024)
• Anna M.G.R Nagar Gandhi Street: Rs 1,320 per sq.ft (2024)
• Anna M.G.R Nagar Indirgandhi Street: Rs 1,320 per sq.ft (2024)
• Anna M.G.R Nagar Pari Street: Rs 1,320 per sq.ft (2024)
• Anna M.G.R Nagar Rajugandhi Street: Rs 1,320 per sq.ft (2024)
• Anna Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Therasa Street Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty, charged at 7%, would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. 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 Therasa Street Extn?

The Sub Registrar Office covering Annai Therasa Street Extn 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. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Pallikaranai, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration regulations. This value serves as a benchmark for property transactions within the area.

Frequently asked questions

What is the current guideline value of Annai Therasa Street Extn?

The current guideline value of Annai Therasa Street Extn is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,650 per sq.ft in 2024.

What is the land classification for Annai Therasa Street Extn?

The land classification for Annai Therasa Street Extn is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Annai Therasa Street Extn 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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be calculated at 7% of that amount.