Guideline Value for Annal Gandhi Street

Annal Gandhi Street guideline value

The current guideline value of Annal Gandhi Street in Peravallur village, under the Sembiam SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Annal Gandhi Street has changed

The guideline value for Annal Gandhi Street has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 465 per sq.ft, which increased to Rs 800 per sq.ft in 2007. The 2012 revision saw a rise to Rs 2,500 per sq.ft, but this was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then increased significantly to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 2,700 per sq.ft. Notably, there is no figure available for the year 2002 in the register for this street.

In terms of percentage changes, the value increased by 8% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. The value decreased by 33% from 2012 to 2017, while from 2007 to 2012, it surged by 213%. The increase from 2003 to 2007 was 72%. Overall, from 2003 to 2024, the guideline value has increased by 481%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,301 per sq.ft, placing Annal Gandhi Street's current value below this median.

• Annal Gandhi 2nd Lane: Rs 2,700 per sq.ft (2024)
• Annal Gandhi 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Annal Gandhi 1st Lane: Rs 2,700 per sq.ft (2024)
• Annal Gandhi 1st Cross 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees 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.

For more details on calculating fees, 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 Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Peravallur. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Annal Gandhi Street?

The current guideline value of Annal Gandhi 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 465 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, showing an overall increase of 481% over this period.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Which office handles property registrations for Annal Gandhi Street?

The Sembiam Sub Registrar Office handles property registrations for Annal Gandhi Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Annal Gandhi Street?

Annal Gandhi Street falls under the Residential Class I Type - I land classification.