Guideline Value for Annai Pathmavathi Street

Annai Pathmavathi Street guideline value

The current guideline value of Annai Pathmavathi Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Annai Pathmavathi Street has changed

The guideline value for Annai Pathmavathi Street has seen several revisions over the years. In 2007, the value was Rs 620 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 384%. However, this value decreased to Rs 2,010 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision set the value at Rs 3,000 per sq.ft, which then increased to Rs 3,300 per sq.ft in 2024, representing a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 432%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, positioning Annai Pathmavathi Street's 2024 value below this median.

• Annai Sathiya Nagar: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Main road: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Annai Sathiya Nagar 4th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Pathmavathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annai Pathmavathi Street?

The Sub Registrar Office that covers Annai Pathmavathi Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kodambakkam

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Annai Pathmavathi Street?

The current guideline value of Annai Pathmavathi Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 620 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing significant fluctuations over the years.

What is the land classification for Annai Pathmavathi Street?

Annai Pathmavathi Street is classified as Residential Class IV Type - II.

Which Sub Registrar Office covers this street?

The Ashok Nagar Sub Registrar Office covers Annai Pathmavathi Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 2,97,000.