Guideline Value for Annai Therasa Street

Annai Therasa Street guideline value

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

How the guideline value of Annai Therasa Street has changed

In the 2017 revision, the guideline value was set at Rs 1,340 per sq.ft. This figure saw a significant increase to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 further increased the guideline value to Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Annai Therasa Street in the register.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the guideline value of Annai Therasa Street.

• Anna Street (ward 5): Rs 2,750 per sq.ft (2024)
• Anna Street (ward 9): Rs 2,750 per sq.ft (2024)
• Akash Nagar: Rs 1,980 per sq.ft (2024)
• Agraharam Road: Rs 2,860 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Balaji Nagar Extn: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Therasa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Therasa Street?

The Sub Registrar Office covering Annai Therasa Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kerugambakkam. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers need to pay when transferring property ownership.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded at a fair price, reflecting the official value set by the registration department. This value is essential for both legal and financial purposes during the registration process.

Frequently asked questions

What is the current guideline value of Annai Therasa Street?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over this period.

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 use.

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

The Sub Registrar Office for Annai Therasa Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000, leading to a stamp duty of Rs 1,54,000.