Guideline Value for Annaitherasa Street

Annaitherasa Street guideline value

The current guideline value of Annaitherasa Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class V Type - II.

How the guideline value of Annaitherasa Street has changed

The guideline value for Annaitherasa Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which was then reduced to Rs 871 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,300 per sq.ft, and the latest 2024 revision has further increased it to Rs 1,400 per sq.ft, marking an 8% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 8%. The changes between revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Annaitherasa Street's 2024 guideline value is below this median.

• Annai Sathiya Nagar (TNSCB): Rs 2,800 per sq.ft (2024)
• Anna Cross Street (Venkatapuram): Rs 4,000 per sq.ft (2024)
• Annastreet (Ramapuram): Rs 3,600 per sq.ft (2024)
• Annastreet (Thiruvalluar Nagar 16th Ward): Rs 1,400 per sq.ft (2024)
• Anna Street (venkatapuram): Rs 4,000 per sq.ft (2024)
• Annibesant Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Annaitherasa Street

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annaitherasa Street?

The Sub Registrar Office that covers Annaitherasa Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the fees based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annaitherasa Street?

The current guideline value of Annaitherasa Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024, an 8% increase. The overall change from 2012 to 2024 is an increase of 8% as well.

What is the land classification for Annaitherasa Street?

Annaitherasa Street is classified as Residential Class V Type - II, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Annaitherasa Street?

The Sub Registrar Office for Annaitherasa Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 14,00,000 would incur a stamp duty of Rs 98,000 at a rate of 7%.