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Guideline Value for Annai Therasa 1st Street (A.K.A Nagar)

₹1400/sq.ft.

The guideline value for Annai Therasa 1st Street (a.k.a Nagar) in Oragadam village (Ambattur SRO, Chennai zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Annai Therasa 1st Street (a.k.a Nagar)

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Annai Therasa 1st Street (A.K.A Nagar) guideline value

The current guideline value of Annai Therasa 1st Street (A.K.A Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Annai Therasa 1st Street (A.K.A Nagar) has changed

The guideline value for Annai Therasa 1st Street (A.K.A Nagar) has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a 333% rise. However, it then decreased to Rs 871 per sq.ft in 2017, representing a 33% drop. The value rose again to Rs 1,300 per sq.ft in 2023, and as of 2024, it stands at Rs 1,400 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 367%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Annai Therasa 1st Street (A.K.A Nagar) below this median.

Stamp duty and registration fee for property in Annai Therasa 1st Street (A.K.A Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, leading to a total cost of Rs 1,26,000. 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 details.

Which Sub Registrar Office covers Annai Therasa 1st Street (A.K.A Nagar)?

The Sub Registrar Office covering Annai Therasa 1st Street (A.K.A Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value will be used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Annai Therasa 1st Street (A.K.A Nagar)?

The current guideline value of Annai Therasa 1st Street (A.K.A Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 300 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 367%.

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

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which office handles property registrations for Annai Therasa 1st Street (A.K.A Nagar)?

The Ambattur Sub Registrar Office handles property registrations for Annai Therasa 1st Street (A.K.A Nagar).

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

The guideline value is used to determine the minimum registration value for properties, which affects the stamp duty and registration fees during property transactions.