Guideline Value for Annai Therasa Street, chennai 82 (Venkatesa Nagar)

Annai Therasa Street, Chennai 82 (Venkatesa Nagar) guideline value

The current guideline value of Annai Therasa Street, Chennai 82 (Venkatesa Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO, classified as Residential Class II Type - I.

How the guideline value of Annai Therasa Street, Chennai 82 (Venkatesa Nagar) has changed

The guideline value for Annai Therasa Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 1,200 per sq.ft. It then increased significantly to Rs 4,000 per sq.ft in 2012, marking a 233% rise. However, in 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

As for the revisions from 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%. It is important to note that the register has no figures for this street for the years 2002 and 2003.

Guideline values in Ayanavaram

Ayanavaram village has 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing the 2024 figure for Annai Therasa Street below this median.

• Annai Anjugam Nagar, Chennai 82: Rs 4,400 per sq.ft (2024)
• Anjugam Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Anna Street (GKM Colony) Chennai 82: Rs 4,400 per sq.ft (2024)
• Anna Street (Vellala Street 2nd Lane): Rs 4,400 per sq.ft (2024)
• Archin Lake Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Ananda Vinayakar Street, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Therasa Street, Chennai 82 (Venkatesa Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Therasa Street, Chennai 82 (Venkatesa Nagar)?

The Sub Registrar Office that covers Annai Therasa Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property. It is essential to refer to the latest guideline value to avoid discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Annai Therasa Street?

The current guideline value of Annai Therasa Street, Chennai 82 (Venkatesa Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 267% over the years.

What is the land classification of Annai Therasa Street?

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

Which office registers properties in Annai Therasa Street?

The properties in Annai Therasa Street are registered at the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.