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Guideline Value

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Guideline Value for ANNAI THERESA NAGAR EXTENSION - II

₹550/sq.ft.

The guideline value for Annai Theresa Nagar Extension - Ii in Pothur village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pothur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Annai Theresa Nagar Extension - Ii

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Annai Theresa Nagar Extension - II guideline value

The current guideline value of Annai Theresa Nagar Extension - II is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Pothur village and falls under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Annai Theresa Nagar Extension - II has changed

Over the years, the guideline value for Annai Theresa Nagar Extension - II has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017, before increasing again to Rs 500 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 550 per sq.ft, marking a 10% increase from the previous year.

When looking at the overall changes, from 2012 to 2024, the guideline value has increased by 10%. Notably, the jump from 2017 to 2023 was significant at 49%, while the change from 2012 to 2017 was a decrease of 33%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Pothur

In Pothur, there are 98 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which aligns with the guideline value for Annai Theresa Nagar Extension - II.

Stamp duty and registration fee for property in Annai Theresa Nagar Extension - II

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. It is important to note that the 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 Theresa Nagar Extension - II?

The Sub Registrar Office that covers Annai Theresa Nagar Extension - II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pothur. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must ensure that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. This value is updated periodically, reflecting changes in the area's development and infrastructure.

Frequently asked questions

What is the current guideline value of Annai Theresa Nagar Extension - II?

The current guideline value of Annai Theresa Nagar Extension - II is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Annai Theresa Nagar Extension - II?

Annai Theresa Nagar Extension - II is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Annai Theresa Nagar Extension - II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.