Guideline Value for ANNANUR ERIKKARAI ST

Annanur Erikkarai St guideline value

The current guideline value of Annanur Erikkarai St is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Annanur Erikkarai St has changed

The guideline value for Annanur Erikkarai St has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 900 per sq.ft in the 2023 revision, and finally to Rs 950 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, when comparing the 2012 figure to the 2024 figure, the guideline value shows a marginal increase of 6%. 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 Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of Annanur Erikkarai St is below this median.

• Annanur Main Road: Rs 950 per sq.ft (2024)
• Annanur Pallikooda St: Rs 950 per sq.ft (2024)
• Annanur Ponniyamman Koil St: Rs 950 per sq.ft (2024)
• Annanur Station Road: Rs 950 per sq.ft (2024)
• Anna Squre: Rs 3,300 per sq.ft (2024)
• Anna Street Kannigapuram: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annanur Erikkarai St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, resulting in a total cost of Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Annanur Erikkarai St?

The Annanur Erikkarai St falls under the jurisdiction of the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the registration of property transactions in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Annanur Erikkarai St?

The current guideline value of Annanur Erikkarai St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the registration office for Annanur Erikkarai St?

The registration office for Annanur Erikkarai St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,50,000, the stamp duty at 7% would be Rs 66,500.

What is the land classification of Annanur Erikkarai St?

Annanur Erikkarai St is classified as Residential Class II Type - I, indicating its suitability for residential purposes.