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 881 per sq.ft. This street is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

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

Looking at the revisions, the guideline value for Annai Therasha Street (Ward-20) has seen several changes over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, and the latest revision in 2024 has further increased it to Rs 881 per sq.ft, marking a 10% rise from the previous year.

From 2012 to 2017, the value decreased by 33%, but overall, from 2012 to 2024, there has been a 10% increase. It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 770 per sq.ft. Annai Therasha Street's 2024 guideline value of Rs 881 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 881 per sq.ft (2024)
• Anna Street (Ward-21): Rs 660 per sq.ft (2024)
• Amman Koil Street (Ward-20): Rs 881 per sq.ft (2024)
• Ambedkar Street (Ward -20): Rs 881 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 guideline value of Rs 881 per sq.ft, the total guideline value would be Rs 8,81,000. The stamp duty at 7% would amount to Rs 61,670, while the registration fee at 2% would be Rs 17,620. Together, the total cost for stamp duty and registration fee would be Rs 79,290. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

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

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

The guideline value is a crucial factor when registering a property in Thailavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the transfer of property ownership. This ensures that both the buyer and seller are aware of the financial implications involved in the transaction.

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 881 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 800 per sq.ft to Rs 881 per sq.ft in 2024, with various increases and decreases in between, including a significant increase of 49% from 2017 to 2023.

What is the land classification of Annai Therasha Street (Ward-20)?

The land classification for Annai Therasha Street (Ward-20) is Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

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

How is the stamp duty calculated for properties in Thailavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,81,000 would incur a stamp duty of Rs 61,670 at 7%.