Guideline Value for Annai Indira Street

Annai Indira Street guideline value

The current guideline value of Annai Indira Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Annai Indira Street has changed

The guideline value for Annai Indira Street has seen several revisions over the years. In 2007, the value was Rs 620 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, there was a decrease to Rs 2,010 per sq.ft in 2017. Following that, the value rose to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision. The changes between these revisions include a 384% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that 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 432%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value of Annai Indira Street is below this median.

• Annai Pathmavathi Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Main road: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Indira Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Annai Indira Street?

The Sub Registrar Office that covers Annai Indira Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodambakkam. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring transparency and fairness in property dealings.

When a buyer and seller agree on a sale price, the guideline value will be referenced to calculate the applicable stamp duty and registration fees. If the sale price is higher than the guideline value, the duty will be charged based on the sale price instead.

Frequently asked questions

What is the current guideline value of Annai Indira Street?

The current guideline value of Annai Indira Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 620 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Annai Indira Street?

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

Where can I find the Sub Registrar Office for Annai Indira Street?

The Sub Registrar Office for Annai Indira Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property in Annai Indira Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.