Guideline Value for Annai theraisa street , balu Avenue

Annai theraisa street , balu Avenue guideline value

The current guideline value of Annai theraisa street , balu Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Annai theraisa street , balu Avenue has changed

Over the years, the guideline value of Annai theraisa street , balu Avenue has experienced several revisions. The 2012 revision set the guideline value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,500 per sq.ft in 2023, followed by another increase to Rs 1,650 per sq.ft in 2024, reflecting a rise of 10% from the previous year.

From 2017 to 2023, the guideline value rose by 49%. When considering the overall change from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

Chitlapakkam village has a total of 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value for Annai theraisa street , balu Avenue.

• Annai Indira Nagar: Rs 1,650 per sq.ft (2024)
• Anna Street: Rs 2,750 per sq.ft (2024)
• A.N.C.Colony (out): Rs 1,100 per sq.ft (2024)
• A.N.C.Colony (in): Rs 1,100 per sq.ft (2024)
• Anna Street Thirumurugan Street: Rs 2,750 per sq.ft (2024)
• Ananda Nagar Vinayagar Koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Annai theraisa street , balu Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, resulting in a total of Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai theraisa street , balu Avenue?

The Sub Registrar Office covering Annai theraisa street , balu Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Chitlapakkam, as it serves as the basis for calculating stamp duty and registration fees. When a property is bought or sold, the guideline value is used to determine the applicable fees, ensuring that both parties are aware of the financial implications of the transaction.

During the registration process, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This system helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value for Annai theraisa street , balu Avenue?

The current guideline value for Annai theraisa street , balu Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, marking a 10% rise. The value also increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, representing a 49% increase.

What is the land classification for Annai theraisa street , balu Avenue?

The land classification for Annai theraisa street , balu Avenue is Residential Class I Type - III, indicating its suitability for residential purposes.

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

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft property at the current guideline value would incur a total of Rs 1,48,500 in fees.

Which office handles the registration for Annai theraisa street , balu Avenue?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Annai theraisa street , balu Avenue, located at No.26, Mes Road, East Tambaram, Chennai-600059.