Guideline Value for Annanoor Railway Station Road

Annanoor Railway Station Road guideline value

The current guideline value of Annanoor Railway Station Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This road is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Annanoor Railway Station Road has changed

The guideline value for Annanoor Railway Station Road has seen several revisions over the years. In 2002, the value was Rs 91 per sq.ft, which increased to Rs 120 per sq.ft in 2003. Following this, there was a significant rise to Rs 600 per sq.ft in 2007, and it further increased to Rs 1,200 per sq.ft in 2012. However, the value dropped to Rs 804 per sq.ft in 2017 before rising again to Rs 1,200 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft.

Between these revisions, the changes were notable. From 2002 to 2003, the guideline value increased by 32%. The increase from 2003 to 2007 was a significant 400%. However, from 2012 to 2017, there was a decrease of 33%. The value then rose by 49% from 2017 to 2023, and finally, there was an 8% increase from 2023 to 2024. Overall, the guideline value has increased by 1329% from 2002 to 2024.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value is Rs 1,300 per sq.ft, which is equal to the guideline value of Annanoor Railway Station Road.

• Anna street(sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• Apparna Nagar: Rs 1,100 per sq.ft (2024)
• Annai Therasa Street: Rs 1,700 per sq.ft (2024)
• Arputham City: Rs 1,700 per sq.ft (2024)
• Arul Migu Magalikshmi Avenue: Rs 1,300 per sq.ft (2024)
• Anna Cross Street (Sivasakthi nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Annanoor Railway Station Road

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 Annanoor Railway Station Road?

The Sub Registrar Office that covers Annanoor Railway Station Road 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 Ayappakkam

The guideline value plays a crucial role in property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property transactions. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling a property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Annanoor Railway Station Road?

The current guideline value of Annanoor Railway Station Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions from Rs 91 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, with notable increases and decreases at various intervals.

What is the registration office for Annanoor Railway Station Road?

The registration office for Annanoor Railway Station Road is the Ambattur Sub Registrar Office, 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 Ayappakkam?

Stamp duty for properties in Ayappakkam is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000 at 7%.

What are the other streets in Ayappakkam with their guideline values?

Other streets in Ayappakkam have varying guideline values. For instance, Anna street(sivasakthi nagar) has a guideline value of Rs 1,600 per sq.ft, while Apparna Nagar is at Rs 1,100 per sq.ft.