Guideline Value for Annai Mary 1st Street

Annai Mary 1st Street guideline value

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

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

The guideline value for Annai Mary 1st Street has seen significant changes over the years. In the 2003 revision, the value was Rs 222 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was followed by a substantial rise to Rs 1,072 per sq.ft in 2017, marking a 257% increase from the previous revision. The value then rose to Rs 1,600 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from 2023.

The register does not provide figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 693%.

Guideline values in Anakaputhur

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

• Annai Mary 1st Cross 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 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 to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and 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 Street?

The Sub Registrar Office that covers Annai Mary 1st 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 crucial factor during the registration process of property transactions in Anakaputhur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 222 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 693% over the years.

What is the land classification for Annai Mary 1st Street?

Annai Mary 1st Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

Where can I find the registration office for Annai Mary 1st Street?

The registration office for Annai Mary 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Annai Mary 1st 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 17,60,000, the stamp duty would be calculated at 7% of this amount.