Guideline Value for Annai therasa Street I

Annai therasa Street I guideline value

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

How the guideline value of Annai therasa Street I has changed

Over the years, the guideline value for Annai therasa Street I has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the 2023 revision raised the value back to Rs 1,000 per sq.ft. The most recent 2024 revision has increased it to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes from the 2012 revision to the 2024 revision reflect an overall increase of 10%. The 2017 to 2023 period saw a significant increase of 49%, while the 2012 to 2017 period experienced a decrease of 33%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai village, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, 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, indicating that Annai therasa Street I's 2024 figure is below this median.

• Annai therasa Street II: 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 I

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the 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, totaling 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, please use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai therasa Street I?

The Sub Registrar Office that covers Annai therasa Street I 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 plays a crucial role in property transactions in Peerklankaranai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

It is important for buyers and sellers to be aware of the current guideline value, as it can affect negotiations and the overall cost of the transaction. Understanding how the guideline value is set and revised can help in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of Annai therasa Street I 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 median guideline value in Peerklankaranai?

The median guideline value in Peerklankaranai is Rs 1,650 per sq.ft, which is higher than the current value of Annai therasa Street I.

What are the stamp duty and registration fees for properties in Annai therasa Street I?

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.

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

The Sub Registrar Office for Annai therasa Street I is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.