Guideline Value for Annai Kamala Street

Annai Kamala Street guideline value

The current guideline value of Annai Kamala Street is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Mogalivakkam village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Annai Kamala Street has changed

The guideline value for Annai Kamala Street has seen several revisions over the years. In 2007, the value was Rs 751 per sq.ft, which increased significantly to Rs 2,600 per sq.ft in 2012, marking a growth of 246%. However, from 2012 to 2017, the value decreased to Rs 1,742 per sq.ft, a decline of 33%. The value then rose again to Rs 2,600 per sq.ft in 2023, showing a substantial increase of 49%. The most recent revision in 2024 set the guideline value at Rs 2,860 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Annai Kamala Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 281%.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft, with a median value of Rs 2,970 per sq.ft. Annai Kamala Street's 2024 figure is below this median.

• Annai Velankanni Nagar: Rs 3,520 per sq.ft (2024)
• Annai Velankanni Nagar Annexe: Rs 3,520 per sq.ft (2024)
• Ananda Nagar: Rs 2,860 per sq.ft (2024)
• Amman Koil Street: Rs 2,860 per sq.ft (2024)
• Arumugam Nagar: Rs 2,970 per sq.ft (2024)
• Arumugam Nagar 1st Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Kamala Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, while the registration fee at 2% would be Rs 57,200, bringing the total to Rs 2,57,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Annai Kamala Street?

The Sub Registrar Office that covers Annai Kamala Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Mogalivakkam, ensuring that properties are registered at a fair value. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. This value helps in determining the official worth of the property for taxation and legal purposes.

Frequently asked questions

What is the current guideline value of Annai Kamala Street?

The current guideline value of Annai Kamala Street is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 751 per sq.ft in 2007, reaching Rs 2,600 in 2012, dropping to Rs 1,742 in 2017, and then increasing to Rs 2,600 in 2023, before finally reaching Rs 2,860 in 2024.

What is the land classification of Annai Kamala Street?

Annai Kamala Street is classified as Residential Special Type - II, indicating its designation for residential purposes within the locality.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Annai Kamala Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200 at a rate of 7%.