Guideline Value for ANNAMALAI MAISTRY STREET/ ANNAMALAI CROSS STREET

Annamalai Maistry Street/ Annamalai Cross Street guideline value

The current guideline value for Annamalai Maistry Street/ Annamalai Cross Street is Rs 7,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Special Type - IV.

How the guideline value of Annamalai Maistry Street/ Annamalai Cross Street has changed

The guideline value for Annamalai Maistry Street/ Annamalai Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 4,300 per sq.ft, which increased to Rs 6,418 per sq.ft in 2023. The most recent 2024 revision raised the value to Rs 7,000 per sq.ft, marking a 9% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 63%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value is Rs 6,000 per sq.ft, placing Annamalai Maistry Street/ Annamalai Cross Street above this median.

• Annai Sathya Nagar: Rs 4,400 per sq.ft (2024)
• Anna Street: Rs 5,700 per sq.ft (2024)
• Anna Avenue (Near Panjaliamman Koil): Rs 6,000 per sq.ft (2024)
• Arignar Anna Street: Rs 5,300 per sq.ft (2024)
• Anandavalli Street: Rs 5,300 per sq.ft (2024)
• Arunachalapuram Street: Rs 5,700 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Maistry Street/ Annamalai Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,000 per sq.ft, the total guideline value amounts to Rs 70,00,000. The stamp duty at 7% would be Rs 4,90,000, and the registration fee at 2% would be Rs 1,40,000, bringing the total fees to Rs 6,30,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annamalai Maistry Street/ Annamalai Cross Street?

The Sub Registrar Office that covers Annamalai Maistry Street/ Annamalai Cross Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are paid. This value is particularly important as it reflects the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value for Annamalai Maistry Street/ Annamalai Cross Street?

The current guideline value for Annamalai Maistry Street/ Annamalai Cross Street is Rs 7,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2017, the guideline value has increased from Rs 4,300 per sq.ft to Rs 7,000 per sq.ft in 2024, representing an overall increase of 63% over this period.

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

For a property valued at Rs 70,00,000, the stamp duty would be Rs 4,90,000 and the registration fee would be Rs 1,40,000, totaling Rs 6,30,000.

Which office handles property registration for Annamalai Maistry Street/ Annamalai Cross Street?

The Kodambakkam Sub Registrar Office handles property registration for Annamalai Maistry Street/ Annamalai Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Annamalai Maistry Street/ Annamalai Cross Street?

The land classification for Annamalai Maistry Street/ Annamalai Cross Street is Residential Special Type - IV.