Guideline Value for Annamalai Street

Annamalai Street guideline value

The current guideline value of Annamalai Street in Menambedu village, under the Ambattur SRO, is Rs 1,000 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Annamalai Street has changed

Over the years, the guideline value of Annamalai Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back to Rs 1,000 per sq.ft, and the most recent 2024 revision maintained this figure, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been no change in the guideline value, remaining at Rs 1,000 per sq.ft. It is important to note that there are no figures available for Annamalai Street in the revisions of 2002, 2003, and 2007.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, positioning Annamalai Street's 2024 figure below this median.

• Anna Street(6th ward): Rs 1,700 per sq.ft (2024)
• Anna Street (Elango Nagar): Rs 1,700 per sq.ft (2024)
• Arasigara Street: Rs 1,001 per sq.ft (2024)
• Ambattur Annamalai Street: Rs 1,000 per sq.ft (2024)
• Allavantar Street: Rs 1,001 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,001 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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 Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Menambedu, as it determines the minimum value at which property transactions are registered. This value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value serves as a reference point for the transaction, and the stamp duty is charged based on the higher of the guideline value or the actual sale price. This ensures transparency and consistency in property registrations within the region.

Frequently asked questions

What is the current guideline value of Annamalai Street?

The current guideline value of Annamalai Street is Rs 1,000 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft from 2012 to 2024, with a drop to Rs 670 per sq.ft in 2017 before returning to Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification for Annamalai Street?

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

Where can I find the Sub Registrar Office for Annamalai Street?

The Sub Registrar Office for Annamalai Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Menambedu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if a property has a guideline value of Rs 10,00,000, the stamp duty would be calculated on this amount unless the sale price is higher.