Guideline Value for Annamalai Chetty 3rd Street

Annamalai Chetty 3rd Street guideline value

The current guideline value of Annamalai Chetty 3rd Street is Rs 4,900 per sq.ft. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class III Type - II.

How the guideline value of Annamalai Chetty 3rd Street has changed

Over the years, the guideline value for Annamalai Chetty 3rd Street has seen several revisions. The 2007 revision set the value at Rs 1,210 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a significant rise of 272%. However, the value then decreased to Rs 3,015 per sq.ft in the 2017 revision, a drop of 33%. The 2023 revision brought the value up to Rs 4,500 per sq.ft, and the latest 2024 revision has set it at Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year. The register has no figure for the years 2002 and 2003 for this street.

From the 2007 revision to the current 2024 revision, the overall increase in the guideline value stands at 305%. The changes between the revisions highlight fluctuations in property values over time, with the most significant increase occurring between 2007 and 2012, and a notable rise from 2017 to 2023.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, which matches the current guideline value of Annamalai Chetty 3rd Street.

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

Stamp duty and registration fee for property in Annamalai Chetty 3rd 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 cost for these fees 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.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Annamalai Chetty 3rd Street?

The Sub Registrar Office covering Annamalai Chetty 3rd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When a property is sold, the buyer and seller must adhere to the guideline value set for the property to avoid any legal issues during registration. This value is essential for calculating stamp duty and registration fees, which are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Annamalai Chetty 3rd Street?

The current guideline value of Annamalai Chetty 3rd 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 from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 305% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 49,00,000, the total fees would amount to Rs 4,41,000.

Which Sub Registrar Office should I contact for property transactions in Annamalai Chetty 3rd Street?

The Ashok Nagar Sub Registrar Office is responsible for property transactions in Annamalai Chetty 3rd Street. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Annamalai Chetty 3rd Street?

Annamalai Chetty 3rd Street is classified as Residential Class III Type - II, which indicates its zoning for residential purposes.