Guideline Value for Annai Indira Gandhi Street

Annai Indira Gandhi Street guideline value

The current guideline value of Annai Indira Gandhi Street is Rs 680 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - II.

How the guideline value of Annai Indira Gandhi Street has changed

The guideline value for Annai Indira Gandhi Street has undergone several revisions over the years. The earliest recorded figure in the register is from 2007, when the value was Rs 200 per sq.ft. This increased significantly to Rs 625 per sq.ft in 2012, marking a rise of 213%. However, from 2012 to 2017, the value decreased to Rs 419 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 626 per sq.ft in 2023, and with the latest revision in 2024, it stands at Rs 680 per sq.ft, which is an increase of 9% from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 240%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Annai Indira Gandhi Street is below this median.

• Aringar anna Cross Street: Rs 550 per sq.ft (2024)
• Aringar anna Street: Rs 550 per sq.ft (2024)
• Aroram Nagar: Rs 1,100 per sq.ft (2024)
• Arun Excello Apartment: Rs 1,100 per sq.ft (2024)
• Agathiyar Street: Rs 550 per sq.ft (2024)
• Assori Street: Rs 2,200 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 guideline value of Rs 680 per sq.ft, the total guideline value amounts to Rs 6,80,000. The stamp duty at 7% would be Rs 47,600, and the registration fee at 2% would be Rs 13,600, bringing the total cost for these fees to Rs 61,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annai Indira Gandhi Street?

The Sub Registrar Office that covers Annai Indira Gandhi Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the government. This value is essential for both buyers and sellers to understand their financial obligations during the property transaction process.

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 680 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 200 per sq.ft in 2007 to Rs 680 per sq.ft in 2024, reflecting an overall increase of 240% over the years.

What is the land classification for Annai Indira Gandhi Street?

Annai Indira Gandhi Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property on this street?

For a property valued at Rs 6,80,000, the stamp duty would be Rs 47,600 and the registration fee would be Rs 13,600, totaling Rs 61,200.

Which office handles the registration for Annai Indira Gandhi Street?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Annai Indira Gandhi Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.