Guideline Value for ANNASWAMY STREET

Annaswamy Street guideline value

The current guideline value of Annaswamy Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Annaswamy Street has changed

The guideline value for Annaswamy Street has undergone several revisions over the years. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003. Following that, the value saw a significant rise to Rs 800 per sq.ft in 2007, and it further climbed to Rs 3,500 per sq.ft in 2012. However, there was a decline to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 3,800 per sq.ft.

Between the revisions, the changes were as follows: from 2002 to 2003, there was a 10% increase; from 2003 to 2007, the increase was 74%; from 2007 to 2012, there was a significant rise of 338%; the value then decreased by 33% from 2012 to 2017. From 2017 to 2023, the value increased by 49%, and finally, from 2023 to 2024, the increase was 9%. Overall, the guideline value has risen by 805% from 2002 to 2024.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Annaswamy Street's current guideline value is above this median.

• Anna Street. Kakkanji Colony: Rs 2,700 per sq.ft (2024)
• Appu Maistry Street: Rs 3,800 per sq.ft (2024)
• Anna Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Anna Nagar 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Annaswamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Annaswamy Street?

The Sub Registrar Office that covers Annaswamy Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Annaswamy Street?

The current guideline value of Annaswamy Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 420 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, with various revisions in between showing both increases and decreases.

What is the land classification of Annaswamy Street?

Annaswamy Street is classified as Residential Class II Type - II, indicating its intended use for residential purposes.

Where is the Sub Registrar Office for Annaswamy Street located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it covers Annaswamy Street.

How is the stamp duty calculated for properties in Annaswamy Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000, leading to a stamp duty of Rs 2,66,000.