Guideline Value for ANNIBESANT STREET (WARD -8)

Annibesant Street (Ward -8) guideline value

The current guideline value of Annibesant Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is 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. In 2012, the value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023 and further rose to Rs 1,320 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 reflected a decline of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Annibesant Street's 2024 figure above this median.

• Annibesant Iind Cross Street (Ward -8): Rs 1,320 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 1,320 per sq.ft (2024)
• Arivudai Nambi Street (Ward -6): Rs 1,320 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, together totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Annibesant 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 information.

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

The guideline value is a crucial factor in the property registration process in Panangottur. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees during the transaction.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a value that reflects the current market standards. This helps in maintaining transparency and consistency in property dealings within the region.

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 1,320 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 1,320 per sq.ft in 2024.

What is the land classification for Annibesant Street (Ward -8)?

The land classification for Annibesant Street (Ward -8) is Residential Special Type - V.

What are the stamp duty and registration fees for properties in Annibesant Street (Ward -8)?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registrations for Annibesant Street (Ward -8)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Annibesant Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.