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 5. Athipattu village under the Konnur SRO, classified as Residential Class I Type - II.

How the guideline value of Annai Therasa Street has changed

The guideline value for Annai Therasa Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, and the overall increase from 2017 to 2024 is 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current guideline value for Annai Therasa Street.

• Annamalai Avenue ( A.N.A. Avenue): Rs 4,400 per sq.ft (2024)
• Annamalai Avenue Extention: Rs 4,400 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Arul Migu Sri Magalakshmi Nager: Rs 1,600 per sq.ft (2024)
• Amman Koil Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Amaravathi Street(ICF): Rs 2,400 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the 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 Konnur Sub Registrar Office, located at Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role in the registration process when buying or selling property in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable taxes, ensuring that the transaction is documented accurately. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

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 an overall increase of 64% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Annai Therasa Street?

The Konnur Sub Registrar Office covers Annai Therasa Street, located at Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Annai Therasa Street?

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