Guideline Value for ANNIBESANT STREET (WARD -8)

Annibesant Street (Ward -8) guideline value

The current guideline value of Annibesant 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, and is classified as Residential Special Type - V.

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

The guideline value for Annibesant Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then rose to Rs 1,321 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, the guideline value has increased by 10% from the 2012 figure to the current 2024 rate.

Guideline values in Ninna Karai

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

• Annibesant Iind Cross 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 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, bringing the total fees to Rs 1,18,890. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Annibesant Street (Ward -8)?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two amounts. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Annibesant 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 back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the registration office for Annibesant Street (Ward -8)?

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

What are the stamp duty rates applicable in Ninna Karai?

The stamp duty rate is set at 7% of the guideline value or the sale price, whichever is higher, during property transactions in Ninna Karai.

How is the guideline value determined for properties in Ninna Karai?

The guideline value is determined by the Registration Department's guideline value register and is revised periodically based on various factors, including previous values and local market conditions.