Guideline Value for ANNAITHERASA STREET

Annaitherasa Street guideline value

The current guideline value of Annaitherasa Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village, under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Annaitherasa Street has changed

The guideline value for Annaitherasa Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and then rose again to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, which is equal to the 2024 figure for Annaitherasa Street.

• Annamalai Street: Rs 2,200 per sq.ft (2024)
• Annai Nagar: Rs 2,750 per sq.ft (2024)
• Anna Salai: Rs 2,200 per sq.ft (2024)
• Anjineyar Nagar: Rs 2,200 per sq.ft (2024)
• Anjaneyar Nagar Phase II: Rs 1,870 per sq.ft (2024)
• Anjaneyar Nagar Phase 1: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annaitherasa Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annaitherasa Street?

The Sub Registrar Office that covers Annaitherasa 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. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Jelandianpettai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. Buyers should be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Annaitherasa Street?

The current guideline value of Annaitherasa Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Annaitherasa Street?

Annaitherasa Street is classified as Residential Class II Type - I, indicating its primary use for residential purposes.

Where can I find the Sub Registrar Office for Annaitherasa Street?

The Sub Registrar Office for Annaitherasa 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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,200 per sq.ft would incur a total of Rs 1,98,000 in fees.