Guideline Value for Annai Indira Nagar Thiruvalluvar Street

Annai Indira Nagar Thiruvalluvar Street guideline value

The current guideline value of Annai Indira Nagar Thiruvalluvar 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 Thiruvalluvar Street has changed

The guideline value for Annai Indira Nagar Thiruvalluvar Street has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 423 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in 2007, marking a rise of 326%. Following this, the value jumped to Rs 4,000 per sq.ft in 2012, representing a 122% increase. However, in 2017, the value decreased to Rs 2,680 per sq.ft, showing a decline of 33%. The guideline value then rose to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the increase was substantial at 49%. Overall, from the initial value in 2003 to the current value in 2024, the guideline value has increased by 940%. It is important to note that there is no recorded figure for the year 2002 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. The median guideline value for these streets is Rs 4,400 per sq.ft, which is equal to the current value of Annai Indira Nagar Thiruvalluvar Street.

• Annai Indira Nagar Thazvana 1st Main Road: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar Vanjinathan Street: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar Sivasakthi Street: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar Sasthri Street: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar, Sasthri / Road / Street: Rs 4,400 per sq.ft (2024)
• Annai Indira Nagar Sasthri Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indira Nagar Thiruvalluvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty is charged at 7%, which totals Rs 3,08,000, and the registration fee is 2%, amounting to Rs 88,000. Therefore, the total cost for stamp duty and registration fee would be Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Indira Nagar Thiruvalluvar Street?

The Sub Registrar Office that covers Annai Indira Nagar Thiruvalluvar 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the total cost of the transaction significantly.

Frequently asked questions

What is the current guideline value of Annai Indira Nagar Thiruvalluvar Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 423 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 940% over the years.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Annai Indira Nagar Thiruvalluvar Street?

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

What is the land classification for this street?

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