Guideline Value for ANNAI THERASA STREET

Annai Therasa Street guideline value

The current guideline value of Annai Therasa Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Nemilicherry village, under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Annai Therasa Street has changed

The guideline value for Annai Therasa Street has undergone several revisions over the years. The earliest recorded figure is from 2012, when it was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 2,000 per sq.ft, and the most recent revision in 2024 saw it rise to Rs 2,160 per sq.ft, reflecting an 8% increase from the previous year.

Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Nemilicherry

Nemilicherry village has a total of 172 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value is Rs 2,160 per sq.ft, which is equal to the current value of Annai Therasa Street.

• Annamalai Street: Rs 2,420 per sq.ft (2024)
• Angala Parameswari Street: Rs 2,160 per sq.ft (2024)
• Andavar Street: Rs 2,160 per sq.ft (2024)
• Arulmurugan Nandavanam Nagar: Rs 2,420 per sq.ft (2024)
• Arul Murugan Ramamoorthi 2nd Street: Rs 2,160 per sq.ft (2024)
• Arulmurugan Ramamoorthy Nagar: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Therasa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, while the registration fee at 2% would be Rs 43,200. Together, the total cost for stamp duty and registration fees would be Rs 1,94,400. 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 Therasa Street?

The Sub Registrar Office that covers Annai Therasa Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nemilicherry. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Annai Therasa Street?

The current guideline value of Annai Therasa Street is Rs 2,160 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 back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,160 per sq.ft in 2024.

What is the land classification for Annai Therasa Street?

Annai Therasa Street is classified as Residential Class II Type - I.

Where can I find the registration office for Annai Therasa Street?

The registration office for Annai Therasa Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Nemilicherry?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 21,60,000, the stamp duty would be 7% of that amount.