Guideline Value for Annal Gandhi Street

Annal Gandhi Street guideline value

The current guideline value of Annal Gandhi Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Annal Gandhi Street has changed

The guideline value for Annal Gandhi Street has seen significant changes over the years. In the 2007 revision, the value was Rs 800 per sq.ft, which increased to Rs 2,010 per sq.ft in 2017, marking a substantial rise of 151%. The value further increased to Rs 3,000 per sq.ft in the 2023 revision, reflecting a growth of 49%. The current 2024 revision sets the guideline value at Rs 3,300 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for this area is Rs 4,900 per sq.ft, which means Annal Gandhi Street's 2024 figure is below that median.

• Anna Main Road: Rs 7,700 per sq.ft (2024)
• Annamalai Chetty 1st Street: Rs 4,900 per sq.ft (2024)
• Annamalai Chetty 2nd Street: Rs 4,900 per sq.ft (2024)
• Annamalai Chetty 3rd Street: Rs 4,900 per sq.ft (2024)
• Annamalai Nagar 1st Street: Rs 4,900 per sq.ft (2024)
• Annamalai Nagar 2nd Street: Rs 4,900 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annal Gandhi Street?

The Sub Registrar Office that covers Annal Gandhi Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value plays a crucial role when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration. Buyers should be aware that the guideline value is a benchmark set by the government and is essential for legal transactions.

When a property is sold, the guideline value ensures that the transaction is recorded accurately in the government registry. This helps in maintaining transparency and accountability in real estate transactions, thereby protecting the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Annal Gandhi Street?

The current guideline value of Annal Gandhi Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 313% over the years.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, which is higher than the current guideline value of Annal Gandhi Street.

What are the stamp duty and registration fees for property in Annal Gandhi Street?

For a 1,000 sq.ft property, the total guideline value is Rs 33,00,000, resulting in a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for Annal Gandhi Street?

The Ashok Nagar Sub Registrar Office handles property registrations for Annal Gandhi Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.