Guideline Value for Annadurai Street

Annadurai Street guideline value

The current guideline value of Annadurai Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Annadurai Street has changed

The guideline value for Annadurai Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012. However, it then experienced a decrease to Rs 603 per sq.ft in 2017. The value rose again to Rs 900 per sq.ft in 2023 and is now set at Rs 950 per sq.ft from July 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 6%. Overall, from 2007 to 2024, there has been an increase of 138% in the guideline value for Annadurai Street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Annadurai Street's current guideline value of Rs 950 per sq.ft is below this median.

• Anjaneyar Koil Street: Rs 2,900 per sq.ft (2024)
• Annai Nagar: Rs 2,900 per sq.ft (2024)
• Andal Street: Rs 2,900 per sq.ft (2024)
• Ananthapuram 1st Street: Rs 2,900 per sq.ft (2024)
• Ananthapuram: Rs 2,900 per sq.ft (2024)
• Annai Sathya Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Annadurai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, leading to a total of Rs 85,500. 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 Annadurai Street?

The Sub Registrar Office covering Annadurai Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

The guideline value is a critical factor in property transactions in Selaiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales. Buyers and sellers must consider this value during the registration process to comply with legal requirements.

When a property is bought or sold, the guideline value is assessed to determine the applicable fees. This value is crucial for both parties to understand, as it can influence the overall cost of the transaction, including the stamp duty and registration fees that must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Annadurai Street?

The current guideline value of Annadurai Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, reflecting an overall increase of 138% over this period.

What is the stamp duty rate for properties in Annadurai Street?

The stamp duty rate for properties in Annadurai Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, while Annadurai Street's guideline value is below this median at Rs 950 per sq.ft.