Guideline Value for Annai Therasa Street

Annai Therasa Street guideline value

The current guideline value of Annai Therasa Street is Rs 1,600 per sq.ft. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Annai Therasa Street has changed

The guideline value for Annai Therasa Street has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. However, the most recent revision in 2024 saw an increase to Rs 1,600 per sq.ft, marking a 59% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 7%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street. The changes between the revisions highlight the fluctuations in the guideline value over time.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,400 per sq.ft, which means that Annai Therasa Street's 2024 figure is below this median.

• Anna Nagar: Rs 1,600 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 1,600 per sq.ft (2024)
• Anna Nagar 2nd Street: Rs 1,600 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• Anna Durai Street: Rs 1,600 per sq.ft (2024)
• Anna Nagar Main Road: Rs 1,600 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 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Madambakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately with the government authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations during the registration process. Understanding the guideline value helps in making informed decisions regarding property transactions.

Frequently asked questions

What is the current guideline value of Annai Therasa Street?

The current guideline value of Annai Therasa Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2024. This shows a 59% rise from 2017 to 2024, and an overall increase of 7% from 2012 to 2024.

Are there any years without recorded guideline values for this street?

Yes, the register has no figures for Annai Therasa Street for the years 2002, 2003, 2007, and 2023.

What is the classification of Annai Therasa Street?

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

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can also find more information by visiting the appropriate link.