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 Sattamangalam 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 (Ward -8) has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value saw a modest increase of 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam village, a total of 425 streets are covered under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 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 would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office covering Annibesant Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, 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 Sattamangalam

The guideline value is a crucial factor in property transactions in Sattamangalam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring compliance with local regulations.

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 several times, from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then 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 of Annibesant Street (Ward -8)?

Annibesant Street (Ward -8) is classified as Residential Special Type - V, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Annibesant Street (Ward -8)?

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

How is stamp duty calculated for properties on Annibesant Street (Ward -8)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, at the current guideline value of Rs 1,320 per sq.ft, the stamp duty would be calculated accordingly during the registration process.