Guideline Value for Annai Ramabai Street

Annai Ramabai Street guideline value

The current guideline value of Annai Ramabai Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Annai Ramabai Street has changed

The guideline value for Annai Ramabai Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 250 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, it then decreased to Rs 1,206 per sq.ft in 2017. The 2023 revision marked an increase to Rs 1,800 per sq.ft, followed by the current value of Rs 1,980 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, the guideline value has increased by 692% from Rs 250 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in the village is Rs 2,310 per sq.ft, which means that Annai Ramabai Street's current value is below this median.

• Annai Therasa II Street: Rs 2,310 per sq.ft (2024)
• Annai Therasa I Street: Rs 2,310 per sq.ft (2024)
• Annai Therasa Nagar and Extn: Rs 2,310 per sq.ft (2024)
• A.N.Nagar - Annam Street: Rs 3,960 per sq.ft (2024)
• Anjukam Street: Rs 2,310 per sq.ft (2024)
• Anna Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Ramabai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Annai Ramabai Street?

The Sub Registrar Office that covers Annai Ramabai Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Perungalathur, as it determines the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees, ensuring that both the buyer and seller adhere to the legal framework set by the Registration Department.

When buying or selling property, it is essential to be aware of the guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for property transactions, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Annai Ramabai Street?

The current guideline value of Annai Ramabai Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 692% over the years.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft, which is higher than the current value of Annai Ramabai Street.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same amount.

Where is the Sub Registrar Office for Annai Ramabai Street located?

The Sub Registrar Office for Annai Ramabai Street is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.