Guideline Value for Annai Mary 3rd Street

Annai Mary 3rd Street guideline value

The current guideline value of Annai Mary 3rd 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 falls under the Residential Class II Type - I land classification.

How the guideline value of Annai Mary 3rd Street has changed

The guideline value for Annai Mary 3rd Street has undergone several revisions over the years. In 2003, the guideline value was Rs 222 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This marked a significant rise of 35%. The value further escalated to Rs 1,072 per sq.ft in 2017, reflecting a remarkable increase of 257%. The next revision in 2023 saw the value rise to Rs 1,600 per sq.ft, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 1,760 per sq.ft, representing a 10% increase from the previous year. Notably, there are no figures available for the years 2002 and 2012 for this street.

Overall, from 2003 to 2024, the guideline value has increased by 693%, showcasing a substantial growth in the valuation of properties in this area.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with 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 3rd Street below this median.

• Annai Mary 2nd Street: Rs 1,760 per sq.ft (2024)
• Annai Mary Street / Vinayagar Street: Rs 1,870 per sq.ft (2024)
• Annai Mary 2nd Cross Street: Rs 1,760 per sq.ft (2024)
• Annai Mary 1st Street: Rs 1,760 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 3rd 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, while the registration fee at 2% would be Rs 35,200. Together, the total cost for stamp duty and registration would be 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 3rd Street?

The Sub Registrar Office that covers Annai Mary 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to accurately calculate the costs involved in the property transfer.

When a property is sold, the guideline value is used to assess the minimum value at which the property can be registered. This means that if the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead of the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Mary 3rd Street?

The current guideline value of Annai Mary 3rd 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 is the registration office for Annai Mary 3rd Street?

The registration office for Annai Mary 3rd 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 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at 7%.

Are there other streets in Anakaputhur with similar guideline values?

Yes, there are several other streets in Anakaputhur with similar guideline values. For instance, Annai Mary 2nd Street and Annai Mary 2nd Cross Street both have a guideline value of Rs 1,760 per sq.ft in 2024.