Guideline Value for Annai Therasa Street

Annai Therasa Street guideline value

The current guideline value of Annai Therasa Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, and the land classification is Residential Class II Type - I.

How the guideline value of Annai Therasa Street has changed

According to the guideline value register, the earliest available revision for Annai Therasa Street is from 2012, which was set at Rs 1,700 per sq.ft. This value remained the same in the subsequent revision in 2017, but it dropped significantly to Rs 1,139 per sq.ft. The value increased to Rs 1,700 per sq.ft in 2023, before reaching the current figure of Rs 1,800 per sq.ft in 2024.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The change from 2023 to 2024 reflects a 6% rise. Overall, comparing the 2012 revision to the current value in 2024, there has been a modest increase of 6%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value across these streets is Rs 2,200 per sq.ft, indicating that Annai Therasa Street's current guideline value is below this median.

• Annai Sivagami Street: Rs 1,100 per sq.ft (2024)
• Annai Sathya Street: Rs 1,600 per sq.ft (2024)
• Anna Nagar: Rs 2,200 per sq.ft (2024)
• Annai Nagar: Rs 2,900 per sq.ft (2024)
• Annadurai Street: Rs 950 per sq.ft (2024)
• Anjaneyar Koil Street: Rs 2,900 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 rate, the guideline value amounts to Rs 18,00,000. The stamp duty is charged at 7%, totaling Rs 1,26,000, and the registration fee at 2% amounts to Rs 36,000. Therefore, the total cost for these fees would be Rs 1,62,000. 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 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 Selaiyur

The guideline value plays a crucial role in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the local government.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This process helps maintain transparency and consistency in property transactions within the Selaiyur area.

Frequently asked questions

What is the current guideline value of Annai Therasa Street?

The current guideline value of Annai Therasa Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Annai Therasa Street has seen several changes, with the most recent increase from Rs 1,700 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024, reflecting a 6% rise.

What is the median guideline value in Selaiyur?

The median guideline value for streets in Selaiyur is Rs 2,200 per sq.ft, which is higher than the current value of Annai Therasa Street.

What fees are associated with property transactions in Annai Therasa Street?

For property transactions in Annai Therasa Street, buyers need to consider stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Annai Therasa Street located?

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