Guideline Value for Annasami Lane

Annasami Lane guideline value

The current guideline value of Annasami Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Annasami Lane has changed

The guideline value for Annasami Lane has undergone several revisions over the years. In 2007, the value was Rs 945 per sq.ft, which saw a significant increase to Rs 6,000 per sq.ft in 2012. However, this value decreased by 33% to Rs 4,020 per sq.ft in 2017. The 2023 revision set the value at Rs 6,000 per sq.ft, and the latest revision in 2024 increased it to Rs 6,600 per sq.ft, reflecting a 10% rise.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 598%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO, with guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which is equal to the current value of Annasami Lane.

• Anna sami Street: Rs 6,600 per sq.ft (2024)
• Anna Salai (Mount Road): Rs 20,900 per sq.ft (2024)
• Appavoo Gramani Lane: Rs 7,700 per sq.ft (2024)
• Appavoo Gramani Street: Rs 7,700 per sq.ft (2024)
• Arimuthu Achari Maistry Street: Rs 6,600 per sq.ft (2024)
• Arimuthu Achari Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Annasami Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Annasami Lane?

The Sub Registrar Office that covers Annasami Lane is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Triplicane. It serves as a reference point for determining the stamp duty and registration fees applicable to the property transaction.

When registering a property, the authorities will use the guideline value to calculate the applicable fees, ensuring that the transaction adheres to the legal requirements set by the state. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Annasami Lane?

The current guideline value of Annasami Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value of Annasami Lane has changed from Rs 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 598%.

What is the land classification of Annasami Lane?

Annamsami Lane is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What is the stamp duty rate for property in Annasami Lane?

The stamp duty rate for property transactions in Annasami Lane is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Annasami Lane?

The Triplicane Sub Registrar Office handles property registrations for Annasami Lane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.