Guideline Value for Annai Mary Street / Vinayagar Street

Annai Mary Street / Vinayagar Street guideline value

The current guideline value of Annai Mary Street / Vinayagar Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class I Type - II.

How the guideline value of Annai Mary Street / Vinayagar Street has changed

The guideline value for Annai Mary Street / Vinayagar Street has seen significant changes over the years. In 2003, the guideline value was Rs 222 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a 35% rise. By 2017, the value had jumped to Rs 1,139 per sq.ft, reflecting a substantial increase of 280%. The 2023 revision set the value at Rs 1,700 per sq.ft, an increase of 49% from 2017. The latest revision in 2024 has further raised the guideline value to Rs 1,870 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2012 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 742%.

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 guideline value in this area is Rs 1,980 per sq.ft, placing the guideline value of Annai Mary Street / Vinayagar Street below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total cost for these fees to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Mary Street / Vinayagar Street?

The Sub Registrar Office that covers Annai Mary Street / Vinayagar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within 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 properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

During the registration process, the property must be valued at or above the guideline value, which protects both buyers and sellers by providing a standard reference point. This helps in maintaining the integrity of property transactions in the region.

Frequently asked questions

What is the current guideline value of Annai Mary Street / Vinayagar Street?

The current guideline value of Annai Mary Street / Vinayagar Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 222 per sq.ft in 2003 to Rs 1,870 per sq.ft in 2024, marking an overall increase of 742% over this period.

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

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300 in fees.

Which Sub Registrar Office handles registrations for this street?

The Pammal Sub Registrar Office handles registrations for Annai Mary Street / Vinayagar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, impacting the calculation of stamp duty and registration fees during transactions. It ensures that property values are standardized and transparent in the registration process.