Guideline Value for ANNASAMY Street

ANNASAMY Street guideline value

The current guideline value of ANNASAMY Street is Rs 3,100 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of ANNASAMY Street has changed

The guideline value for ANNASAMY Street has seen several revisions over the years. In 2002, the value was Rs 323 per sq.ft, which increased to Rs 400 per sq.ft in 2003. Following that, the value rose significantly to Rs 1,100 per sq.ft in 2007. The 2012 revision saw a decrease to Rs 2,800 per sq.ft, but it bounced back to Rs 1,876 per sq.ft in 2017. The most recent revisions show a rise to Rs 2,800 per sq.ft in 2023, and finally, the current value of Rs 3,100 per sq.ft in 2024.

Between the revisions, there were notable changes. From 2017 to 2023, there was a 49% increase, while the jump from 2007 to 2012 was a remarkable 155%. The overall increase from 2002 to 2024 is 860%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value is Rs 3,100 per sq.ft, which is equal to the current guideline value for ANNASAMY Street.

• Appadurai Street: Rs 3,100 per sq.ft (2024)
• Aringar Anna Street: Rs 2,750 per sq.ft (2024)
• Annai Sathya Nagar Extension: Rs 3,100 per sq.ft (2024)
• Annai Sathya Nagar: Rs 3,100 per sq.ft (2024)
• Annai Sathiya Nagar Main Road: Rs 3,100 per sq.ft (2024)
• Annai Sathiya Nagar First Cross Street: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in ANNASAMY Street

For a 1,000 sq.ft plot at the current rate of Rs 3,100 per sq.ft, the guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, totaling Rs 2,79,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers ANNASAMY Street?

The Sub Registrar Office that covers ANNASAMY Street is the Chennai South Joint II 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 Ramapuram

The guideline value is a crucial factor in the registration process when buying or selling property in Ramapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must refer to the current guideline value to ensure compliance with the registration requirements.

When a property is registered, the guideline value helps in calculating the financial obligations of the buyer. It is essential to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of ANNASAMY Street?

The current guideline value of ANNASAMY Street is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 323 per sq.ft in 2002 to Rs 3,100 per sq.ft in 2024, reflecting an overall increase of 860% over the years.

What is the land classification of ANNASAMY Street?

ANNASAMY Street is classified as Residential Class II Type - I.

Where can I find the registration office for ANNASAMY Street?

The registration office for ANNASAMY Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Ramapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 31,00,000, the stamp duty would be calculated at 7% of that amount.