Guideline Value for Annamalai Street

Annamalai Street guideline value

The current guideline value of Annamalai Street in Nemilicherry village is Rs 2,420 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Annamalai Street has changed

The guideline value for Annamalai Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 650 per sq.ft, which saw a significant increase to Rs 2,200 per sq.ft in 2012. However, this value dropped by 33% to Rs 1,474 per sq.ft in the 2017 revision. The next revision in 2023 raised the value to Rs 2,200 per sq.ft, and in the latest 2024 revision, it increased by 10% to reach the current value of Rs 2,420 per sq.ft.

There are no figures available for the years 2002 and 2003 for Annamalai Street. Overall, from 2007 to 2024, the guideline value has increased by 272%.

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,160 per sq.ft, making Annamalai Street's 2024 figure of Rs 2,420 per sq.ft above this median.

• Annai Therasa Street: Rs 2,160 per sq.ft (2024)
• Angala Parameswari Street: Rs 2,160 per sq.ft (2024)
• Andavar Street: Rs 2,160 per sq.ft (2024)
• Arulmurugan Nandavanam Nagar: Rs 2,420 per sq.ft (2024)
• Arul Murugan Ramamoorthi 2nd Street: Rs 2,160 per sq.ft (2024)
• Arulmurugan Ramamoorthy Nagar: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees together to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Annamalai Street?

Annamalai Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nemilicherry. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable fees. This ensures that the fees are reflective of the property's worth as determined by the local government.

Frequently asked questions

What is the current guideline value of Annamalai Street?

The current guideline value of Annamalai Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 650 per sq.ft to Rs 2,420 per sq.ft in 2024, marking an overall increase of 272%.

What is the median guideline value in Nemilicherry?

The median guideline value for streets in Nemilicherry is Rs 2,160 per sq.ft for the year 2024.

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

The stamp duty is 7% and the registration fee is 2%. For a property valued at Rs 24,20,000, the total fees would be Rs 2,17,800.

Which Sub Registrar Office covers Annamalai Street?

Annamalai Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.