Guideline Value for Annai Mary 1st Cross Street

Annai Mary 1st Cross Street guideline value

The current guideline value of Annai Mary 1st Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Annai Mary 1st Cross Street has changed

The guideline value for Annai Mary 1st Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft. This figure was increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 raised the guideline value to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing the guideline value of Annai Mary 1st Cross Street below this median.

• Annai Mary 1st Street: Rs 1,760 per sq.ft (2024)
• Annai Mary 2nd Cross Street: Rs 1,760 per sq.ft (2024)
• Annai Mary 2nd Street: Rs 1,760 per sq.ft (2024)
• Annai Mary 3rd Street: Rs 1,760 per sq.ft (2024)
• Annai Mary Street / Vinayagar Street: Rs 1,870 per sq.ft (2024)
• Anna Durai V th Cross Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Mary 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees together to Rs 1,58,400. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annai Mary 1st Cross Street?

The Sub Registrar Office that covers Annai Mary 1st Cross 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Annai Mary 1st Cross Street?

The current guideline value of Annai Mary 1st Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400. These fees are based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Annai Mary 1st Cross Street?

The Pammal Sub Registrar Office covers Annai Mary 1st Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Where can I find more information about property registration?

You can find more information about property registration and the applicable guidelines at the Pammal Sub Registrar Office or by visiting the official website for property registration in Tamil Nadu.