Guideline Value for Annal Gandhi 1st Cross Street

Annal Gandhi 1st Cross Street guideline value

The current guideline value of Annal Gandhi 1st Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Annal Gandhi 1st Cross Street has changed

The guideline value for Annal Gandhi 1st Cross Street has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased by 33% to Rs 1,675 per sq.ft in 2017. The value saw a substantial rise of 49% to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,700 per sq.ft in 2024, marking an 8% increase from the previous year. The register has no figures for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 170%. This reflects the changes in the property market and the adjustments made by the authorities in the guideline value register.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value is Rs 3,301 per sq.ft, placing Annal Gandhi 1st Cross Street's 2024 figure below this median.

• Annal Gandhi 1st Lane: Rs 2,700 per sq.ft (2024)
• Annal Gandhi 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Annal Gandhi 2nd Lane: Rs 2,700 per sq.ft (2024)
• Annal Gandhi Street: Rs 2,700 per sq.ft (2024)
• Annai Maniyammai Nagar: Rs 2,700 per sq.ft (2024)
• Andal Avenue 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Annal Gandhi 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, charged at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Annal Gandhi 1st Cross Street?

The Sub Registrar Office that covers Annal Gandhi 1st Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Peravallur. It determines the minimum value at which a property can be registered, ensuring that appropriate taxes are levied based on the property's worth.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. It is essential for buyers and sellers to be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Annal Gandhi 1st Cross Street?

The current guideline value of Annal Gandhi 1st Cross Street is Rs 2,700 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 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 170% over the years.

What are the other streets with the same guideline value in Peravallur?

Other streets in Peravallur with the same guideline value of Rs 2,700 per sq.ft include Annal Gandhi 1st Lane, Annal Gandhi 2nd Cross Street, Annal Gandhi 2nd Lane, Annal Gandhi Street, Annai Maniyammai Nagar, and Andal Avenue 3rd Street.

What is the stamp duty for property in Annal Gandhi 1st Cross Street?

The stamp duty for property in Annal Gandhi 1st Cross Street is 7% of the guideline value. For a 1,000 sq.ft plot at the current rate, this amounts to Rs 1,89,000.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find more details through the provided link.