Guideline Value for Annai Therasa Street (V.L.Puram)

Annai Therasa Street (V.L.Puram) guideline value

The current guideline value of Annai Therasa Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Annai Therasa Street (V.L.Puram) has changed

The guideline value for Annai Therasa Street (V.L.Puram) has seen several revisions over the years. The earliest recorded figure was Rs 2,200 per sq.ft in 2012, which was then revised to Rs 1,474 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and finally, the current value is Rs 2,400 per sq.ft as of the 2024 revision.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The most recent change from 2023 to 2024 reflects a 9% increase. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Annai Therasa Street (V.L.Puram) above this median.

• Annai Therasa Street (A.K.A. Nagar): Rs 1,400 per sq.ft (2024)
• Annai Therasa Cross Street (A.K.A Nagar): Rs 1,400 per sq.ft (2024)
• Annai Therasa 3st Street (A.K.A Nagar): Rs 1,400 per sq.ft (2024)
• Annai Therasa 2st Street (A.K.A Nagar): Rs 1,400 per sq.ft (2024)
• Annai Therasa 1st Street (A.K.A Nagar): Rs 1,400 per sq.ft (2024)
• Anna Highways (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Therasa Street (V.L.Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost to Rs 2,16,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Annai Therasa Street (V.L.Puram)?

The Sub Registrar Office that covers Annai Therasa Street (V.L.Puram) is the Ambattur Sub Registrar Office. The address is 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 plays a crucial role in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in transactions.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annai Therasa Street (V.L.Puram)?

The current guideline value of Annai Therasa Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Annai Therasa Street (V.L.Puram)?

Annai Therasa Street (V.L.Puram) is classified as Residential Special Type - I.

What is the median guideline value for streets in Oragadam?

The median guideline value for the 596 streets in Oragadam under the Ambattur SRO is Rs 2,200 per sq.ft, with Annai Therasa Street (V.L.Puram) being above this median.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.