Guideline Value for Annai Thersa Street (V.O.C.Nagar)

Annai Thersa Street (V.O.C.Nagar) guideline value

The current guideline value of Annai Thersa Street (V.O.C.Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Annai Thersa Street (V.O.C.Nagar) has changed

The guideline value for Annai Thersa Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 184 per sq.ft. This increased to Rs 208 per sq.ft in 2003, marking a 13% rise. The next revision in 2007 saw a significant jump to Rs 260 per sq.ft, which was a 25% increase. Following this, the 2017 revision set the value at Rs 1,675 per sq.ft, reflecting a substantial increase of 544% from 2007. The 2023 revision brought the value to Rs 2,500 per sq.ft, which was a 49% rise from the previous revision. Finally, the current 2024 revision has established the guideline value at Rs 2,750 per sq.ft, marking a 10% increase from 2023.

It is important to note that there is no figure available for Annai Thersa Street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 1395%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Annai Thersa Street's 2024 figure above this median.

• Annai Thersa Street (LIC colony): Rs 2,530 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 (V.O.C.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration fee would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Thersa Street (V.O.C.Nagar)?

The Sub Registrar Office that covers Annai Thersa Street (V.O.C.Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction reflects the official valuation of the property. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Annai Thersa Street (V.O.C.Nagar)?

The current guideline value of Annai Thersa Street (V.O.C.Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 184 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 1395%.

What are the other streets in Pammal with their guideline values?

Other streets in Pammal have varying guideline values, with some examples being Annai Thersa Street (LIC colony) and Annai Velangkanai Street (Hindustan Lever Colony) both at Rs 2,530 per sq.ft in 2024.

What is the stamp duty rate for properties in Annai Thersa Street?

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

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

The Sub Registrar Office for Annai Thersa Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.