Guideline Value for Annal Gandhi Street

Annal Gandhi Street guideline value

The current guideline value of Annal Gandhi Street in Mamallapuram village, under the Thirukazhukundram SRO, is Rs 935 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class IV Type - I.

How the guideline value of Annal Gandhi Street has changed

The guideline value for Annal Gandhi Street has undergone several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 850 per sq.ft in 2023, and it has risen further to Rs 935 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 56%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the guideline value of Annal Gandhi Street.

• Annal Gandhi 2nd Cross: Rs 550 per sq.ft (2024)
• Annal Gandhi 1st Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar 1st Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar 2nd Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar 3rd Cross Street: Rs 550 per sq.ft (2024)
• Anna Nagar 4th Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Annal Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total cost for these fees to Rs 84,150. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annal Gandhi Street?

The Sub Registrar Office that covers Annal Gandhi Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees, ensuring that the transaction is in line with the established values in the area.

Frequently asked questions

What is the current guideline value of Annal Gandhi Street?

The current guideline value of Annal Gandhi Street is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Annal Gandhi Street?

Annal Gandhi Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Annal Gandhi Street?

The Sub Registrar Office for Annal Gandhi Street is located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 935 per sq.ft, the stamp duty would be Rs 65,450.