Guideline Value for Annai Therasa Nagar

Annai Therasa Nagar guideline value

The current guideline value of Annai Therasa Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Annai Therasa Nagar has changed

The guideline value for Annai Therasa Nagar has undergone several revisions over the years. The earliest recorded figure in the register is from 2003, which was Rs 199 per sq.ft. This figure increased significantly to Rs 600 per sq.ft in 2007, marking a 202% rise. In 2012, the value remained unchanged at Rs 3,000 per sq.ft, but it then decreased to Rs 2,010 per sq.ft in 2017, reflecting a decline of 33%. The value saw a substantial increase to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1558%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for the area is Rs 3,300 per sq.ft, which is equal to the current value for Annai Therasa Nagar.

• Anjaneyar Nagar: Rs 3,520 per sq.ft (2024)
• Annasamy Street: Rs 3,520 per sq.ft (2024)
• Andavar Street: Rs 2,100 per sq.ft (2024)
• Anna Street: Rs 3,300 per sq.ft (2024)
• Anbulingam Street: Rs 2,750 per sq.ft (2024)
• Anantharam Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Therasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Therasa Nagar?

The Sub Registrar Office that covers Annai Therasa Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Zaminpallavaram. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees. Buyers and sellers must consider this value as it directly impacts the financial obligations associated with the transaction.

When a property is sold, the registration office uses the guideline value to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensuring that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Annai Therasa Nagar?

The current guideline value of Annai Therasa Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 199 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1558% over this period.

What is the land classification of Annai Therasa Nagar?

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

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

The Sub Registrar Office for Annai Therasa Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How do I calculate stamp duty and registration fees?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. You can use the stamp duty and registration fee calculator for precise calculations.