Guideline Value for Annai Therasa Street

Annai Therasa Street guideline value

The current guideline value of Annai Therasa Street is Rs 860 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village under the Selaiyur SRO, classified as Residential Class III Type - II.

How the guideline value of Annai Therasa Street has changed

The guideline value for Annai Therasa Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it dropped to Rs 402 per sq.ft in 2017 before rising again to Rs 600 per sq.ft in 2023. The most recent revision in 2024 saw a substantial increase to Rs 860 per sq.ft, marking a 43% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 330%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 840 to Rs 3,750 per sq.ft, with a median value of Rs 2,200 per sq.ft. Annai Therasa Street's current guideline value of Rs 860 per sq.ft is below this median.

• Anna Street: Rs 860 per sq.ft (2024)
• Appao Avenue: Rs 860 per sq.ft (2024)
• Arulmozhi Nagar Pirathana Salai: Rs 1,400 per sq.ft (2024)
• Asta Lakshmi Nagar: Rs 1,600 per sq.ft (2024)
• Bajanai Koil P.T.C. Colony 1st Street: Rs 1,400 per sq.ft (2024)
• Bajanai Koil P.T.C. Colony 2nd Street: Rs 1,400 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 860 per sq.ft, the total guideline value would be Rs 8,60,000. The stamp duty at 7% would amount to Rs 60,200, and the registration fee at 2% would be Rs 17,200, bringing the total charges to Rs 77,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Therasa Street?

The Sub Registrar Office that covers Annai Therasa Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Gowrivakkam

The guideline value is a crucial factor in property transactions in Gowrivakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. However, the duty is charged on whichever is higher, ensuring that the government receives the appropriate fees based on the property's value.

Frequently asked questions

What is the current guideline value of Annai Therasa Street?

The current guideline value of Annai Therasa Street is Rs 860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 860 per sq.ft in 2024, reflecting an overall increase of 330% over the years.

What is the land classification of Annai Therasa Street?

Annai Therasa Street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees on a property here?

For a 1,000 sq.ft plot valued at Rs 8,60,000, the total stamp duty and registration fees would amount to Rs 77,400, calculated based on the guideline value.

Which Sub Registrar Office handles registrations for this street?

The Selaiyur Sub Registrar Office handles registrations for Annai Therasa Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.