Guideline Value for ANNAPPAR ST

Annappar St guideline value

The current guideline value for Annappar St in Paleripattu village is Rs 990 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Annappar St has changed

The guideline value for Annappar St has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 603 per sq.ft. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, before the latest revision in 2024 raised it to Rs 990 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it saw a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO carrying a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value for Annappar St is equal to this median.

• Anna St: Rs 990 per sq.ft (2024)
• Articial Road: Rs 1,980 per sq.ft (2024)
• Ashok Nagar: Rs 1,480 per sq.ft (2024)
• Ashok Niranjan Nagar: Rs 1,950 per sq.ft (2024)
• Andal Nagar: Rs 880 per sq.ft (2024)
• Anandha Nagar (Pudhu Nagar): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Annappar St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total charges Rs 89,100. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Annappar St?

The Sub Registrar Office that covers Annappar 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. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Paleripattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property in Paleripattu, the guideline value is considered to ensure compliance with legal requirements. Buyers should be aware that the final transaction value must meet or exceed the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Annappar St?

The current guideline value of Annappar St is Rs 990 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 back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Annappar St?

Annappar St is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on Annappar St?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles property registrations for Annappar St?

The Avadi Sub Registrar Office handles property registrations for Annappar St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.