Guideline Value for AannaiPAllam Road Street

AannaiPAllam Road Street guideline value

The current guideline value of AannaiPAllam Road Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of AannaiPAllam Road Street has changed

The guideline value for AannaiPAllam Road Street has undergone several revisions over the years. In 2007, the rate was Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 200% rise. However, this value remained unchanged at Rs 300 per sq.ft in the 2017 revision. The 2023 revision also maintained the guideline value at Rs 300 per sq.ft, showing no change from the previous year. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The overall change from 2007 to 2024 reflects a 200% increase, as the current guideline value stands at Rs 300 per sq.ft.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing AannaiPAllam Road Street's 2024 figure below the median.

• Aannaipallam Mettu Street: Rs 300 per sq.ft (2024)
• Aanaipallam yadhaval street: Rs 300 per sq.ft (2024)
• Aanaipallam Kudumi Street: Rs 300 per sq.ft (2024)
• Aanaikkatti Street: Rs 900 per sq.ft (2024)
• Anandhaiyangar Street: Rs 1,200 per sq.ft (2024)
• Annai Senghazahi Panchalai Amman Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in AannaiPAllam Road Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. 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 AannaiPAllam Road Street?

AannaiPAllam Road Street falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during registration.

When a property is sold, the guideline value is compared against the sale price to determine the applicable duties. The higher value between the two is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of AannaiPAllam Road Street?

The current guideline value of AannaiPAllam Road Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, with no changes in subsequent revisions until 2024.

What is the median guideline value in Uthiramerur?

The median guideline value for streets in Uthiramerur is Rs 800 per sq.ft, with AannaiPAllam Road Street's value being below this median.

What are the stamp duty and registration fees for AannaiPAllam Road Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,00,000, resulting in a stamp duty of Rs 21,000 and a registration fee of Rs 6,000, totaling Rs 27,000.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.