Guideline Value for Annammal Colony

Annammal Colony guideline value

The current guideline value of Annammal Colony, located in Satthankadu village under the Thiruvottiyur SRO, is Rs 3,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Annammal Colony has changed

The guideline value for Annammal Colony has seen several revisions over the years. In 2002, the value was Rs 248 per sq.ft, which increased to Rs 441 per sq.ft in 2003, marking a change of +78%. The value continued to rise significantly, reaching Rs 800 per sq.ft in 2007, a jump of +81%. By 2012, it was recorded at Rs 3,100 per sq.ft, reflecting an increase of +288% from the previous revision. However, this figure dropped to Rs 2,077 per sq.ft in 2017, showing a decline of -33%.

In 2023, the guideline value increased to Rs 3,100 per sq.ft, and in 2024, it rose again to Rs 3,400 per sq.ft, representing a +10% change. Overall, from 2002 to 2024, the guideline value has increased by +1271%. There are no figures available for any other years for this street in the register.

Guideline values in Satthankadu

In Satthankadu village, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,400 per sq.ft, which is equal to the guideline value of Annammal Colony.

• Anna Colony: Rs 3,400 per sq.ft (2024)
• Arignar Anna Nagar: Rs 3,400 per sq.ft (2024)
• Ambal Street: Rs 3,400 per sq.ft (2024)
• Ayyapillai Thotta Street: Rs 3,400 per sq.ft (2024)
• Balakrishna Naidu Colony: Rs 3,400 per sq.ft (2024)
• Basin Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annammal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, totaling Rs 3,06,000. 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 Annammal Colony?

The Sub Registrar Office that covers Annammal Colony is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Satthankadu, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

During the registration process, both the buyer and seller must be aware of the guideline value to ensure compliance with legal requirements. The guideline value serves as a benchmark for property transactions, making it essential for all parties involved to understand its implications.

Frequently asked questions

What is the current guideline value of Annammal Colony?

The current guideline value of Annammal Colony is Rs 3,400 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 248 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of +1271% over the years.

What is the land classification of Annammal Colony?

Annammal Colony is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in Annammal Colony?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000, and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Which office handles the registration for Annammal Colony?

The Thiruvottiyur Sub Registrar Office handles the registration for Annammal Colony, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.