Guideline Value for Annai Therasa I Street

Annai Therasa I Street guideline value

The current guideline value of Annai Therasa I Street is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Annai Therasa I Street has changed

Since its last revision, the guideline value has seen several changes. The 2007 revision recorded a guideline value of Rs 250 per sq.ft, which rose significantly to Rs 2,100 per sq.ft in 2012. However, this value decreased to Rs 1,407 per sq.ft in 2017. Following this, the guideline value increased to Rs 2,100 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 2,310 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

In terms of percentage changes, there was a remarkable increase of 740% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and the most recent revision shows a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 824%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with the 2024 guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is the same as the guideline value for Annai Therasa I Street.

• Annai Therasa II Street: Rs 2,310 per sq.ft (2024)
• Annai Therasa Nagar and Extn: Rs 2,310 per sq.ft (2024)
• Annai Ramabai Street: Rs 1,980 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 Therasa I Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. 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 details.

Which Sub Registrar Office covers Annai Therasa I Street?

The Sub Registrar Office that covers Annai Therasa I 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 critical factor when registering property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is officially recognized by the authorities.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Annai Therasa I Street?

The current guideline value of Annai Therasa I Street is Rs 2,310 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 2,310 per sq.ft in 2024, reflecting an overall increase of 824% over this period.

What are the stamp duty rates for property in Annai Therasa I Street?

The stamp duty for property in Annai Therasa I Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Padappai Sub Registrar Office located?

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

What other streets have the same guideline value as Annai Therasa I Street?

Other streets in Perungalathur with the same guideline value of Rs 2,310 per sq.ft include Annai Therasa II Street and Annai Therasa Nagar and Extn.