Guideline Value for ANNAI THERASHA STREET (WARD-20)

Annai Therasha Street (Ward-20) guideline value

The current guideline value of Annai Therasha Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Potheri village and falls under the Chengleput Joint II SRO with a land classification of Residential Class I Type - II.

How the guideline value of Annai Therasha Street (Ward-20) has changed

The guideline value for Annai Therasha Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and the current value is Rs 880 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value rose by 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO carrying a 2024 guideline value ranging from Rs 440 to Rs 2,970 per sq.ft, with a median value of Rs 770 per sq.ft. Annai Therasha Street's current guideline value of Rs 880 per sq.ft is above this median.

• Annai Indra Street (Ward-21): Rs 660 per sq.ft (2024)
• Anna Street Potheri (Ward -1): Rs 770 per sq.ft (2024)
• Anna Street (Ward-20): Rs 880 per sq.ft (2024)
• Anna Street (Ward-21): Rs 660 per sq.ft (2024)
• Amman Koil Street (Ward-20): Rs 880 per sq.ft (2024)
• Ambedkar Street (Ward -20): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Therasha Street (Ward-20)

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Therasha Street (Ward-20)?

The Sub Registrar Office that covers Annai Therasha Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Potheri. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This valuation is crucial for legal documentation and is used to calculate the applicable taxes and fees during the transaction process.

Frequently asked questions

What is the current guideline value of Annai Therasha Street (Ward-20)?

The current guideline value of Annai Therasha Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and is now Rs 880 per sq.ft in 2024.

What is the land classification for Annai Therasha Street?

Annai Therasha Street is classified as Residential Class I Type - II under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where is the Sub Registrar Office for Annai Therasha Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.