Guideline Value for Annai Indra Gandhi Street

Annai Indra Gandhi Street guideline value

The current guideline value of Annai Indra Gandhi Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Annai Indra Gandhi Street has changed

The guideline value for Annai Indra Gandhi Street has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Annai Indra Gandhi Street. The significant increase from 2017 to 2023 was 49%, reflecting a substantial change in the guideline value over the years.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is equal to the 2024 guideline value of Annai Indra Gandhi Street.

• Annai Indra Gandhi 2nd Street: Rs 1,320 per sq.ft (2024)
• Anna Highways: Rs 2,750 per sq.ft (2024)
• Annai Theresa Street: Rs 1,320 per sq.ft (2024)
• Andal Nagar: Rs 1,320 per sq.ft (2024)
• Anbazhagan Street: Rs 1,320 per sq.ft (2024)
• Anbazaghan Nagar: Rs 1,320 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total fees would be Rs 1,18,800. It is important to note that the 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 information.

Which Sub Registrar Office covers Annai Indra Gandhi Street?

The Sub Registrar Office that covers Annai Indra Gandhi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It is used to calculate the stamp duty and registration fees, which are mandatory for legalizing the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the fees will be based on the higher of the two.

When a property is sold, the guideline value ensures that the transaction is recorded accurately in the government records. This helps maintain transparency in property dealings and assists in the proper assessment of taxes related to real estate transactions.

Frequently asked questions

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

The current guideline value of Annai Indra Gandhi Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking a total increase of 64% over this period.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which registration office covers Annai Indra Gandhi Street?

The Pammal Sub Registrar Office covers Annai Indra Gandhi Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value when buying property?

The guideline value is essential for calculating the stamp duty and registration fees when buying property. It ensures that the transaction is legally recorded and helps maintain transparency in property dealings.