Guideline Value for ANNAI THERASA STREET

Annai Therasa Street guideline value

The current guideline value of Annai Therasa Street 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 has changed

The guideline value for Annai Therasa Street has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, is Rs 1,650 per sq.ft, which reflects an increase of 64% from the 2017 revision of Rs 1,005 per sq.ft. Prior to that, in 2012, the value was Rs 1,500 per sq.ft, marking a decrease of 33% from 2017. Overall, from 2012 to 2024, there has been a marginal increase of 10%.

It is important to note that there are no figures available for the revisions in the years 2023, 2007, 2003, and 2002 for 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 in this area is Rs 1,650 per sq.ft, which is equal to the current value of Annai Therasa Street.

• Annai Therasa Street Extn: 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

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 at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total 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 detailed calculations, 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 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 Pallikaranai

The guideline value is a critical factor when buying or selling property in Pallikaranai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Annai Therasa Street?

The current guideline value of Annai Therasa Street 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 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 10% from 2012 to 2024.

What is the land classification for Annai Therasa Street?

Annai Therasa Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.

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

The registration office for Annai Therasa 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.

How is the stamp duty calculated for properties in Pallikaranai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,50,000, the stamp duty at 7% would amount to Rs 1,15,500.