Guideline Value for Annai Thersa Street

Annai Thersa Street guideline value

The current guideline value of Annai Thersa Street in Thiruneermalai village is Rs 2,420 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Annai Thersa Street has changed

The guideline value of Annai Thersa Street has seen significant changes over the years. In the 2003 revision, the value was Rs 221 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2017 revision marked a substantial rise to Rs 1,474 per sq.ft, followed by another increase to Rs 2,200 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2003 revision to the current 2024 figure, there has been a remarkable increase of 995%. It is important to note that the register has no figures for the years 2002 and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, which is the same as the current guideline value for Annai Thersa Street.

• Annai Thersa Main Road: Rs 2,420 per sq.ft (2024)
• Anna Nagar: Rs 2,200 per sq.ft (2024)
• Anna Street / Durga Nagar: Rs 2,420 per sq.ft (2024)
• Anna Street Extn., / Durga Nagar: Rs 2,420 per sq.ft (2024)
• Ariangar Anna Street: Rs 2,200 per sq.ft (2024)
• Avaiyar Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Thersa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annai Thersa Street?

The Sub Registrar Office that covers Annai Thersa 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 Thiruneermalai

The guideline value plays a crucial role in the registration process of property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted fairly and in accordance with the established regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Annai Thersa Street?

The current guideline value of Annai Thersa Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 221 per sq.ft to Rs 2,420 per sq.ft in 2024, marking an overall increase of 995% over the years.

What is the land classification for Annai Thersa Street?

Annai Thersa Street is classified as Residential Class I Type - I.

Which office handles property registrations for Annai Thersa Street?

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

How is stamp duty calculated for properties on Annai Thersa 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 the current guideline value would incur a stamp duty of Rs 1,69,400.