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Guideline Value

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Guideline Value for Annapillai Street Segment-1 (Broadway - Mint Street)

₹6000/sq.ft.

The guideline value for Annapillai Street Segment-1 (broadway - Mint Street) in Muthiyalpet village (Sowcarpet SRO, Chennai zone) is Rs 6000 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Muthiyalpet

Village

Sowcarpet

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6000 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.11, Davidson Street, Sowcarpet, Chennai-01
044-25228102
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Annapillai Street Segment-1 (broadway - Mint Street)

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Annapillai Street Segment-1 (Broadway - Mint Street) guideline value

The current guideline value of Annapillai Street Segment-1 (Broadway - Mint Street) is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village and falls under the Sowcarpet SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Annapillai Street Segment-1 (Broadway - Mint Street) has changed

The guideline value for Annapillai Street Segment-1 has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased to Rs 5,500 per sq.ft in 2012, marking a significant rise of 175%. However, from 2012 to 2017, the value decreased to Rs 3,685 per sq.ft, a drop of 33%. The value then increased significantly to Rs 5,500 per sq.ft in 2023, reflecting a 49% increase. The latest revision, effective from 1 July 2024, sets the guideline value at Rs 6,000 per sq.ft, which is a 9% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that have a 2024 guideline value ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, making the current value for Annapillai Street Segment-1 above the median.

Stamp duty and registration fee for property in Annapillai Street Segment-1 (Broadway - Mint Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total fees to Rs 5,40,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annapillai Street Segment-1 (Broadway - Mint Street)?

The Sub Registrar Office that covers Annapillai Street Segment-1 is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Muthiyalpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annapillai Street Segment-1?

The current guideline value of Annapillai Street Segment-1 (Broadway - Mint Street) is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, showing an overall increase of 200%. The most recent change was a 9% increase from Rs 5,500 per sq.ft in 2023.

What is the land classification for Annapillai Street Segment-1?

Annapillai Street Segment-1 is classified as Residential Special Type - I. This classification impacts the type of developments that can occur in the area.

Where can I find the Sub Registrar Office for this area?

The Sowcarpet Sub Registrar Office, which covers Annapillai Street Segment-1, is located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 6,000 per sq.ft, the total guideline value is Rs 60,00,000, leading to a stamp duty charge of Rs 4,20,000.