Guideline Value for ANNIBESANT IIND CROSS STREET (WARD -8)

Annibesant Iind Cross Street (Ward -8) guideline value

The current guideline value of Annibesant Iind Cross Street (Ward -8) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village, under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Annibesant Iind Cross Street (Ward -8) has changed

The guideline value for Annibesant Iind Cross Street has undergone several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft. In 2023, the value increased significantly to Rs 1,200 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,321 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values in 2024 ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing the 2024 guideline value of Annibesant Iind Cross Street above this median.

• Annibesant Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Anna Salai (Ward -8): Rs 2,200 per sq.ft (2024)
• Anna Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Arivaanar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Arivudai Nambi Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Arnakiriyar Street (Ward -8): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Annibesant Iind Cross Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, resulting in a total of Rs 1,18,890. It is important to note that 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 Annibesant Iind Cross Street (Ward -8)?

The Sub Registrar Office that covers Annibesant Iind Cross Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees required during the property registration process. Buyers and sellers should be aware that the guideline value is used to assess the official value of the property for these purposes.

When a property is sold, the guideline value or the sale price, whichever is higher, will be the basis for calculating the applicable duties and fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Annibesant Iind Cross Street (Ward -8)?

The current guideline value of Annibesant Iind Cross Street (Ward -8) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification for Annibesant Iind Cross Street?

Annibesant Iind Cross Street is classified as Residential Special Type - V, indicating its intended use for residential purposes.

Which Sub Registrar Office is responsible for Annibesant Iind Cross Street?

The Chengleput Joint II Sub Registrar Office is responsible for Annibesant Iind Cross Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Ninna Karai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 13,21,000 would incur a stamp duty of Rs 92,470 at 7%.