Guideline Value for Annai Mary 2nd Street

Annai Mary 2nd Street guideline value

The current guideline value of Annai Mary 2nd 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 2nd Street has changed

The guideline value for Annai Mary 2nd Street has seen significant changes over the years. In 2003, 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, and then further increased to Rs 1,600 per sq.ft in 2023. The current revision in 2024 marks the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 693%. Notably, there are no figures available for the revisions in 2002 and 2012 for this street.

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, with a median value of Rs 1,980 per sq.ft. Annai Mary 2nd Street's 2024 guideline value is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to 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, resulting in a total of Rs 1,58,400. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Mary 2nd Street?

The Sub Registrar Office that covers Annai Mary 2nd 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 in property transactions in Anakaputhur, as it determines the minimum value at which a property can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Annai Mary 2nd 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 222 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 693% over this period.

What are the other streets in Anakaputhur with similar guideline values?

Other streets in Anakaputhur with a guideline value of Rs 1,760 per sq.ft include Annai Mary 2nd Cross Street, Annai Mary 3rd Street, Annai Mary 1st Street, and Annai Mary 1st Cross Street.

What fees are associated with buying property in Annai Mary 2nd Street?

When purchasing property in Annai Mary 2nd Street, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Annai Mary 2nd Street?

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