Guideline Value for Annai Therasa II Street

Annai Therasa II Street guideline value

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

How the guideline value of Annai Therasa II Street has changed

The guideline value for Annai Therasa II Street has seen significant changes over the years. In the 2007 revision, the value was Rs 250 per sq.ft. This value increased dramatically to Rs 2,100 per sq.ft in the 2012 revision, marking a rise of 740%. However, the value then decreased by 33% to Rs 1,407 per sq.ft in the 2017 revision. Following this, the value rose by 49% to Rs 2,100 per sq.ft in the 2023 revision, and finally, it increased by 10% to the current value of Rs 2,310 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 824%. The changes reflect a complex history of fluctuations, with significant increases and a notable decrease in the years between 2012 and 2017.

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 is Rs 2,310 per sq.ft, which is the same as the current value for Annai Therasa II Street. Below are the guideline values for other streets in Perungalathur:

• Annai Therasa I 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 II 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, while 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 II Street?

The Sub Registrar Office that covers Annai Therasa II 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 in the registration process of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Annai Therasa II 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 significantly, with an increase from Rs 250 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, marking an overall increase of 824%.

What is the land classification for Annai Therasa II Street?

Annai Therasa II Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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.

How is stamp duty calculated for properties in Annai Therasa II Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700 at a rate of 7%.