Guideline Value for Annai Therasa Nagar 5th Street

Annai Therasa Nagar 5th Street guideline value

The current guideline value of Annai Therasa Nagar 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Annai Therasa Nagar 5th Street has changed

The guideline value for Annai Therasa Nagar 5th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase of 10% from the 2023 revision of Rs 2,000 per sq.ft. Prior to that, in 2017, the guideline value was Rs 1,340 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the revisions noted only reflect the years 2017, 2023, and 2024.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, making the guideline value for Annai Therasa Nagar 5th Street below this median.

• Annai Therasa Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Annai Therasa Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Annai Therasa Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Annai Therasa Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Annai Therasa Nagar 9th Street: Rs 2,200 per sq.ft (2024)
• Annai Therasa 40th Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Therasa Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty is charged at 7%, which equals Rs 1,54,000, and the registration fee at 2% amounts to Rs 44,000. Together, the total fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Annai Therasa Nagar 5th Street?

The Sub Registrar Office that covers Annai Therasa Nagar 5th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor when registering property transactions in Madipakkam-1. 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.

Frequently asked questions

What is the current guideline value of Annai Therasa Nagar 5th Street?

The current guideline value of Annai Therasa Nagar 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, representing an overall increase of 64%.

What is the stamp duty rate for properties in Annai Therasa Nagar 5th Street?

The stamp duty rate for properties in Annai Therasa Nagar 5th Street is 7% of the guideline value or sale price, whichever is higher.

What are the registration fees for property transactions?

The registration fee for property transactions in Annai Therasa Nagar 5th Street is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Annai Therasa Nagar 5th Street?

The Sub Registrar Office for Annai Therasa Nagar 5th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.