Guideline Value for Annai Theresa Street

Annai Theresa Street guideline value

The current guideline value of Annai Theresa Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Annai Theresa Street has changed

The guideline value for Annai Theresa Street has undergone several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 167%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The next revision in 2023 saw the value rise to Rs 4,000 per sq.ft, followed by another increase to Rs 4,400 per sq.ft in 2024, which is a 10% rise.

Between 2017 and 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 193%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Annai Theresa Street's 2024 figure matches this median.

• Annai Theresa Nagar: Rs 4,400 per sq.ft (2024)
• Anna Nagar: Rs 4,400 per sq.ft (2024)
• Anna Nagar 1st Avenue: Rs 4,400 per sq.ft (2024)
• Anna Nagar 1st Avenue Extn: Rs 4,400 per sq.ft (2024)
• Anna Nagar 1st CrossStreet: Rs 3,850 per sq.ft (2024)
• Anna Nagar 1st Main Road: Rs 4,400 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 rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the 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 Theresa Street?

The Sub Registrar Office that covers Annai Theresa Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the registration reflects a fair value based on the official rates set by the government. Buyers and sellers should be aware of the guideline value to avoid any discrepancies 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 4,400 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 2007 to Rs 4,400 per sq.ft in 2024, with various revisions in between, including a decrease in 2017.

What is the land classification of Annai Theresa Street?

Annai Theresa Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Annai Theresa Street?

The Sub Registrar Office covering Annai Theresa Street is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties on Annai Theresa Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 4,400 per sq.ft would incur a total stamp duty and registration fee of Rs 3,96,000.