Guideline Value for Annamalai Street

Annamalai Street guideline value

The current guideline value of Annamalai Street is Rs 2,800 per sq.ft. This street is located in Ullagaram village and falls under the Alandur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Annamalai Street has changed

The guideline value for Annamalai Street has seen several revisions over the years. In 2002, the value was Rs 298 per sq.ft, which increased to Rs 334 per sq.ft in 2003, marking a 12% rise. The value then experienced significant growth, reaching Rs 1,000 per sq.ft in 2007, a 199% increase from 2003. Following this, the 2012 revision set the value at Rs 2,500 per sq.ft, reflecting a 150% increase from the previous revision.

After 2012, the guideline value dropped to Rs 1,675 per sq.ft in 2017, which was a 33% decrease. However, the value rebounded significantly to Rs 2,500 per sq.ft in 2023, and in the latest revision for 2024, it has risen to Rs 2,800 per sq.ft, a 12% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 840%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO, with guideline values for 2024 ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, which is the same as the current guideline value for Annamalai Street.

• Anna Street: Rs 2,200 per sq.ft (2024)
• Anna Street 2nd Street( Main Road): Rs 2,200 per sq.ft (2024)
• Arul Jothi Street: Rs 2,800 per sq.ft (2024)
• Amman Nagar Main: Rs 2,800 per sq.ft (2024)
• Amman Nagar 1st Street: Rs 2,800 per sq.ft (2024)
• Ambethkar Street: Rs 2,200 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 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annamalai Street?

The Sub Registrar Office that covers Annamalai Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ullagaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during property transactions.

When registering a property, the guideline value serves as a benchmark for assessing the value of the property. This ensures that the transaction is recorded accurately and helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Annamalai Street?

The current guideline value of Annamalai Street is Rs 2,800 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 298 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 840%.

What is the land classification for Annamalai Street?

Annamalai Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for Annamalai Street?

The Alandur Sub Registrar Office handles registrations for Annamalai Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.