Guideline Value for Adhi sankaran street ( H block) Annanagar

Adhi sankaran street ( H block) Annanagar guideline value

The current guideline value of Adhi sankaran street (H block) in Annanagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO with a land classification of Residential Class I Type - III.

How the guideline value of Adhi sankaran street ( H block) Annanagar has changed

Over the years, the guideline value for Adhi sankaran street has seen several revisions. The 2007 revision set the value at Rs 2,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, representing a 50% increase. However, this value decreased by 33% to Rs 2,010 per sq.ft in the 2017 revision. The subsequent revisions saw a significant rise, with the 2023 revision setting the value at Rs 3,000 per sq.ft, and the latest 2024 revision increasing it by 10% to Rs 3,300 per sq.ft.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 65%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village features 270 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing the 2024 guideline value of Adhi sankaran street below this median.

• Ae Block 8th Street: Rs 12,600 per sq.ft (2024)
• Abhinav Manav Garden: Rs 3,300 per sq.ft (2024)
• A.K.R.Road: Rs 3,300 per sq.ft (2024)
• Alli Street , Brindavan Nagar: Rs 3,300 per sq.ft (2024)
• Amman Koil Street: Rs 3,300 per sq.ft (2024)
• Angamuthu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adhi sankaran street ( H block) Annanagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for stamp duty and registration fees to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Adhi sankaran street ( H block) Annanagar?

The Sub Registrar Office that covers Adhi sankaran street (H block) Annanagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, please visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Koyakbedu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer must pay stamp duty on the higher of the guideline value or the actual sale price. This ensures that the government captures the correct revenue from property transactions, reflecting the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Adhi sankaran street (H block) Annanagar?

The current guideline value of Adhi sankaran street (H block) Annanagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 65% over the years.

What is the land classification for Adhi sankaran street (H block) Annanagar?

Adhi sankaran street (H block) Annanagar is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property in Adhi sankaran street (H block) Annanagar?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Adhi sankaran street (H block) Annanagar?

The AnnaNagar Sub Registrar Office handles registrations for Adhi sankaran street (H block) Annanagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.