Guideline Value for Annai Indira Nagar 3rd Cross Street

Annai Indira Nagar 3rd Cross Street guideline value

The current guideline value of Annai Indira Nagar 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Annai Indira Nagar 3rd Cross Street has changed

The guideline value for Annai Indira Nagar 3rd Cross Street has undergone several revisions over the years. The earliest recorded revision in 2002 was Rs 366 per sq.ft, which increased to Rs 411 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 1,800 per sq.ft in 2007, marking an increase of 338%. The value then continued to rise to Rs 4,000 per sq.ft in 2012, reflecting a growth of 122% from the previous revision. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 4,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 4,400 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1102%. There are no figures available for any other revisions for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with the median being Rs 4,400 per sq.ft. Annai Indira Nagar 3rd Cross Street's 2024 guideline value matches this median.

• Annai Indira Nagar 2nd Cross Street, Sasthri Street: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar Annai Theresa Street: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar Avvaiyar Street: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar Bharathiar Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indira Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. 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 Nagar 3rd Cross Street?

The Sub Registrar Office that covers Annai Indira Nagar 3rd Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is crucial to be aware of the current guideline value to ensure compliance with local regulations and to accurately estimate the costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Annai Indira Nagar 3rd Cross Street?

The current guideline value of Annai Indira Nagar 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 366 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 1102%.

What is the stamp duty for property in Annai Indira Nagar 3rd Cross Street?

The stamp duty for property in Annai Indira Nagar 3rd Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Annai Indira Nagar 3rd Cross Street located?

The Sub Registrar Office for Annai Indira Nagar 3rd Cross Street is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification of Annai Indira Nagar 3rd Cross Street?

Annai Indira Nagar 3rd Cross Street is classified as Residential Class II Type - II.