Guideline Value for Annai Theresa Street

Annai Theresa Street guideline value

The current guideline value of Annai Theresa Street in Pozhichalur village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Annai Theresa Street has changed

Over the years, the guideline value of Annai Theresa Street has undergone several revisions. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in 2023. The most recent 2024 revision raised the value to Rs 1,320 per sq.ft, marking 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions include a 49% increase from 2017 to 2023 and the aforementioned 10% increase from 2023 to 2024.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is equal to the current guideline value of Annai Theresa Street.

• Annai Indra Gandhi Street: Rs 1,320 per sq.ft (2024)
• Annai Indra Gandhi 2nd Street: Rs 1,320 per sq.ft (2024)
• Anna Nedun Salai: Rs 2,750 per sq.ft (2024)
• Anna Highways: Rs 2,750 per sq.ft (2024)
• Anna Street: Rs 1,650 per sq.ft (2024)
• Andal Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Theresa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Theresa Street?

The Sub Registrar Office that covers Annai Theresa 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 Pozhichalur

The guideline value is a crucial factor in the registration process for property transactions in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a price that reflects the current market conditions. This value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Annai Theresa Street?

The current guideline value of Annai Theresa Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, representing a 64% increase over this period.

What are the stamp duty rates for properties in Annai Theresa Street?

The stamp duty for properties in Annai Theresa Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What other streets have the same guideline value as Annai Theresa Street?

Other streets in Pozhichalur with the same guideline value of Rs 1,320 per sq.ft include Annai Indra Gandhi Street, Annai Indra Gandhi 2nd Street, and Andal Nagar.