Guideline Value for Annamalai Nagar Cross Street

Annamalai Nagar Cross Street guideline value

The current guideline value of Annamalai Nagar Cross Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - II.

How the guideline value of Annamalai Nagar Cross Street has changed

The guideline value for Annamalai Nagar Cross Street has seen several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly 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, a decline of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, and most recently, it has been revised to Rs 4,900 per sq.ft in 2024, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 305%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current guideline value of Annamalai Nagar Cross Street.

• Annamalai Nagar 3rd Street: Rs 4,900 per sq.ft (2024)
• Annamalai Nagar 2nd Street: Rs 4,900 per sq.ft (2024)
• Annamalai Nagar 1st Street: Rs 4,900 per sq.ft (2024)
• Annamalai Chetty 3rd Street: Rs 4,900 per sq.ft (2024)
• Annamalai Chetty 2nd Street: Rs 4,900 per sq.ft (2024)
• Annamalai Chetty 1st Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Nagar Cross 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 is charged at 7%, resulting in Rs 3,43,000, while the registration fee is 2%, amounting to Rs 98,000. Together, the total fees would be Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annamalai Nagar Cross Street?

Annamalai Nagar Cross Street falls under the jurisdiction of the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Kodambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value helps establish a baseline for pricing and ensures that the transaction is compliant with local regulations. Buyers and sellers should be aware of these values to ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Annamalai Nagar Cross Street?

The current guideline value of Annamalai Nagar Cross 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 significantly from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 305% over the years.

What are the stamp duty and registration fees for property in Annamalai Nagar Cross Street?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office covers Annamalai Nagar Cross Street?

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

What is the land classification for Annamalai Nagar Cross Street?

The land classification for Annamalai Nagar Cross Street is Residential Class III Type - II.