Guideline Value for Annamalai Chetty 1st Street

Annamalai Chetty 1st Street guideline value

The current guideline value of Annamalai Chetty 1st Street is Rs 4,900 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 III Type - II.

How the guideline value of Annamalai Chetty 1st Street has changed

The guideline value of Annamalai Chetty 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 1,210 per sq.ft. This value saw a significant increase to Rs 4,500 per sq.ft in 2012, marking a rise of 272%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, which was a decline of 33%. The value then increased sharply to Rs 4,500 per sq.ft in 2023, reflecting a substantial increase of 49% over the five years. Currently, as of the 2024 revision, the guideline value stands at Rs 4,900 per sq.ft, representing a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 305%.

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 value is Rs 4,900 per sq.ft, which is the same as the guideline value for Annamalai Chetty 1st Street.

• Annamalai Chetty 2nd Street: Rs 4,900 per sq.ft (2024)
• Annamalai Chetty 3rd Street: Rs 4,900 per sq.ft (2024)
• Anna Main Road: Rs 7,700 per sq.ft (2024)
• Annal Gandhi Street: Rs 3,300 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 Annamalai Chetty 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Annamalai Chetty 1st Street?

The Sub Registrar Office that covers Annamalai Chetty 1st 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

When buying or selling property in Kodambakkam, the guideline value is an essential factor in determining the stamp duty and registration fees. This value is set by the government and is used as a reference point for both buyers and sellers during the registration process.

It is crucial for buyers to be aware of the guideline value as it affects the overall cost of property transactions. The registration office uses this value to calculate the applicable duties, ensuring that all transactions are conducted in accordance with the legal requirements.

Frequently asked questions

What is the current guideline value of Annamalai Chetty 1st Street?

The current guideline value of Annamalai Chetty 1st Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, which is an overall increase of 305%.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000 based on the current guideline value.

Which Sub Registrar Office covers this area?

The Ashok Nagar Sub Registrar Office covers Annamalai Chetty 1st Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Annamalai Chetty 1st Street?

The land classification for Annamalai Chetty 1st Street is Residential Class III Type - II.