Guideline Value for Annai Indira Gandhi Street

Annai Indira Gandhi Street guideline value

The current guideline value of Annai Indira Gandhi Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and falls under the Residential Class IV Type - II land classification.

How the guideline value of Annai Indira Gandhi Street has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This value remained the same in the subsequent 2017 revision, where it increased to Rs 402 per sq.ft. The 2023 revision saw a significant increase to Rs 600 per sq.ft, followed by the current 2024 revision which raised it further to Rs 880 per sq.ft. The register has no figure for this street for the years 2002, 2003, and 2007.

Between the revisions, the guideline value changed as follows: from 2012 to 2017, it decreased by 33%. However, from 2017 to 2023, it increased by 49%, and from 2023 to 2024, it saw a rise of 47%. Overall, from 2012 to 2024, the guideline value has increased by 47%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value of Annai Indira Gandhi Street is below this median.

• Anna Cross Street: Rs 2,400 per sq.ft (2024)
• Anna 2nd Street: Rs 2,400 per sq.ft (2024)
• Anna 1st Street: Rs 2,400 per sq.ft (2024)
• Anjaneyar Koil Sannathy Street South: Rs 1,300 per sq.ft (2024)
• Anjaneyar Koil Sannathy Street North: Rs 1,300 per sq.ft (2024)
• Anna Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indira Gandhi Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Indira Gandhi Street?

The Sub Registrar Office that covers Annai Indira Gandhi 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 here.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Rajakilpakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annai Indira Gandhi Street?

The current guideline value of Annai Indira Gandhi Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 880 per sq.ft in 2024, with various increases and a decrease in between.

What is the land classification for Annai Indira Gandhi Street?

Annai Indira Gandhi Street is classified as Residential Class IV Type - II according to the local land classification regulations.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 79,200.

Which office handles property registration for Annai Indira Gandhi Street?

The Selaiyur Sub Registrar Office handles property registration for Annai Indira Gandhi Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.