Guideline Value for Annai therasa Street II

Annai therasa Street II guideline value

The current guideline value of Annai therasa Street II is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Annai therasa Street II has changed

The guideline value for Annai therasa Street II has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 1,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 1,100 per sq.ft.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The value then increased by 10% from 2023 to 2024. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Peerklankaranai

Peerklankaranai village has a total of 322 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, which means that the 2024 figure for Annai therasa Street II is below this median.

• Annai therasa Street I: Rs 1,100 per sq.ft (2024)
• Annai Theresa 3rd Street: Rs 1,100 per sq.ft (2024)
• Annai Indira Nagar: Rs 2,200 per sq.ft (2024)
• Anna 2nd Street: Rs 1,320 per sq.ft (2024)
• Anna 1st Street: Rs 1,320 per sq.ft (2024)
• Anna Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Annai therasa Street II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai therasa Street II?

The Sub Registrar Office that covers Annai therasa Street II 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 information.

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

The guideline value is a crucial factor when registering property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When purchasing or selling property, the guideline value is used to assess the official value of the property, ensuring that the transaction is recorded accurately and that the appropriate fees are collected based on this value.

Frequently asked questions

What is the current guideline value of Annai therasa Street II?

The current guideline value of Annai therasa Street II is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Annai therasa Street II?

The land classification for Annai therasa Street II is Residential Class II Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Annai therasa Street II?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Annai therasa Street II, located at No.26, Mes Road, East Tambaram, Chennai-600059.