Guideline Value for ANNAI THERESA ROAD

Annai Theresa Road guideline value

The current guideline value of Annai Theresa Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This road is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Annai Theresa Road has changed

The guideline value for Annai Theresa Road has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, between 2012 and 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The value then rose again to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,700 per sq.ft in 2024, reflecting a 13% change.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 240%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing the guideline value of Annai Theresa Road below that median.

• Anna Enclave: Rs 3,300 per sq.ft (2024)
• Anna Street: Rs 1,700 per sq.ft (2024)
• Ankala Parameswari Street: Rs 1,100 per sq.ft (2024)
• ANUMAN COLONY 1st CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 2nd CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 3rd CROSS STREET: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Theresa Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Annai Theresa Road?

The Sub Registrar Office that covers Annai Theresa Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential reference point when buying or selling property in Enjambakkam. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to accurately calculate the costs involved in property transactions.

When registering a property, the guideline value will be considered alongside the sale price. The higher of the two will be used to calculate the applicable duties and fees, ensuring that the transaction is processed according to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Annai Theresa Road?

The current guideline value of Annai Theresa Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with a total increase of 240% from Rs 500 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024.

What is the land classification for Annai Theresa Road?

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

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties on Annai Theresa Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a plot valued at Rs 17,00,000 would incur a stamp duty of Rs 1,19,000 at 7%.