Guideline Value for ANNAMALAI NAGARS/STREETS/CROSS STREETS

Annamalai Nagars/Streets/Cross Streets guideline value

The current guideline value of Annamalai Nagars/Streets/Cross Streets in Thiruvottiyur village, under the Thiruvottiyur SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Annamalai Nagars/Streets/Cross Streets has changed

The guideline value for Annamalai Nagars/Streets/Cross Streets has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012. However, there was a decrease to Rs 938 per sq.ft in the 2017 revision. The value then rose to Rs 1,400 per sq.ft in 2023, before reaching the current rate of Rs 1,500 per sq.ft in 2024.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a remarkable 180%. Overall, from 2007 to 2024, the guideline value has increased by 200%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value among these streets is Rs 3,300 per sq.ft, placing Annamalai Nagars/Streets/Cross Streets below the median.

• Anna Nagar (Egavaliyamman Koil Street): Rs 3,300 per sq.ft (2024)
• Annai Gengammal Street: Rs 1,300 per sq.ft (2024)
• Anna Colony: Rs 3,700 per sq.ft (2024)
• Appar Nagar: Rs 2,150 per sq.ft (2024)
• Appar Samy Koil Street: Rs 3,300 per sq.ft (2024)
• Anjugam Nagar--2: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Nagars/Streets/Cross Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to 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 Nagars/Streets/Cross Streets?

The Sub Registrar Office that covers Annamalai Nagars/Streets/Cross Streets is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Thiruvottiyur, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees that are required during the transaction.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and complies with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Annamalai Nagars/Streets/Cross Streets?

The current guideline value for Annamalai Nagars/Streets/Cross Streets is Rs 1,500 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 2007 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 200% over this period.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Annamalai Nagars/Streets/Cross Streets is currently set at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for property registration?

The Sub Registrar Office for Annamalai Nagars/Streets/Cross Streets is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the median guideline value for streets in Thiruvottiyur?

The median guideline value for streets in Thiruvottiyur is Rs 3,300 per sq.ft, with Annamalai Nagars/Streets/Cross Streets being below this median at Rs 1,500 per sq.ft.