Guideline Value for Annamalai Street

Annamalai Street guideline value

The current guideline value of Annamalai Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village and falls under the Velacheri 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. The 2017 revision set the value at Rs 1,340 per sq.ft, which was later increased to Rs 2,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Annamalai Street. The increase from 2017 to 2023 was 49%, reflecting significant changes in the guideline value over these years.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Annamalai Street's 2024 guideline value of Rs 2,200 per sq.ft is below this median.

• Anna Nagar: Rs 2,750 per sq.ft (2024)
• Anna Nagar 10th Main Road: Rs 2,750 per sq.ft (2024)
• Anna Nagar 10th Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar 11th Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar 11th Street Ext: Rs 2,750 per sq.ft (2024)
• Annai Velankanni Nagar/Mahalakshmi Nagar Extension: Rs 2,750 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Annamalai Street?

Annamalai Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a critical factor in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When the property is registered, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates.

Frequently asked questions

What is the current guideline value of Annamalai Street?

The current guideline value of Annamalai Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Annamalai Street?

The Velacheri Sub Registrar Office handles the registration for Annamalai Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

Are there other streets with different guideline values in Madipakkam-1?

Yes, there are other streets in Madipakkam-1 with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. Annamalai Street's value is below the median of Rs 2,750 per sq.ft.