Guideline Value for Annai Mary 2nd Cross Street

Annai Mary 2nd Cross Street guideline value

The current guideline value of Annai Mary 2nd Cross Street is Rs 1,760 per sq.ft. 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 2nd Cross Street has changed

The guideline value for Annai Mary 2nd Cross Street has seen several revisions over the years. The most recent revision, effective from 1 July 2024, set the value at Rs 1,760 per sq.ft, an increase from Rs 1,600 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 1,072 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from the 2017 revision to the current 2024 figure, there has been a total increase of 64%.

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 value for these streets is Rs 1,980 per sq.ft, which means that the guideline value for Annai Mary 2nd Cross Street is below this median.

• Annai Mary 1st Street: Rs 1,760 per sq.ft (2024)
• Annai Mary 2nd Street: Rs 1,760 per sq.ft (2024)
• Annai Mary 1st Cross 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 2nd 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 amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total cost for these fees Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annai Mary 2nd Cross Street?

The Sub Registrar Office that covers Annai Mary 2nd 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 plays a crucial role in the registration process of property transactions in Anakaputhur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the financial obligations associated with property transactions. This ensures that all parties involved are informed and prepared for the costs incurred during the registration process.

Frequently asked questions

What is the current guideline value of Annai Mary 2nd Cross Street?

The current guideline value of Annai Mary 2nd 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 increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, marking a total increase of 64% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000, with stamp duty at 7% amounting to Rs 1,23,200 and a registration fee at 2% totaling Rs 35,200. The total fees would be Rs 1,58,400.

Which Sub Registrar Office covers Annai Mary 2nd Cross Street?

The Pammal Sub Registrar Office covers Annai Mary 2nd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Annai Mary 2nd Cross Street?

Annai Mary 2nd Cross Street is classified as Residential Class II Type - I, indicating its designation for residential purposes.