Guideline Value for Annai Thersa Street (LIC colony)

Annai Thersa Street (LIC colony) guideline value

The current guideline value of Annai Thersa Street (LIC colony) is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Annai Thersa Street (LIC colony) has changed

The guideline value of Annai Thersa Street (LIC colony) has seen significant changes over the years. In 2002, the value was Rs 188 per sq.ft, which increased to Rs 213 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 260 per sq.ft in 2007, a +22% increase. By 2017, the guideline value had surged to Rs 1,541 per sq.ft, reflecting a remarkable increase of +493%. The 2023 revision set the value at Rs 2,300 per sq.ft, a +49% increase from 2017. Finally, the current 2024 revision has brought the value to Rs 2,530 per sq.ft, a +10% increase from the previous year.

There is no figure available for Annai Thersa Street (LIC colony) in the 2012 revision.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value in this area is Rs 2,090 per sq.ft, placing Annai Thersa Street (LIC colony) above this median.

• Annai Thersa Street (V.O.C.Nagar): Rs 2,750 per sq.ft (2024)
• Annai Velangkanai Street (Hindustan Lever Colony): Rs 2,530 per sq.ft (2024)
• Annai Sathya Nagar: Rs 1,980 per sq.ft (2024)
• Anna Nagar, 10th Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar, 11th Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar, 12th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Thersa Street (LIC colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total fees together to Rs 2,27,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Thersa Street (LIC colony)?

The Sub Registrar Office that covers Annai Thersa Street (LIC colony) 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 Pammal

The guideline value is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being exchanged. It is essential for buyers to be aware of the guideline value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Annai Thersa Street (LIC colony)?

The current guideline value of Annai Thersa Street (LIC colony) is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 188 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, representing an overall increase of +1246% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal village is Rs 2,090 per sq.ft, with Annai Thersa Street (LIC colony) above this median at Rs 2,530 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Where is the Sub Registrar Office for Annai Thersa Street (LIC colony)?

The Sub Registrar Office for Annai Thersa Street (LIC colony) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.