Guideline Value for Annasamy Street

Annasamy Street guideline value

The current guideline value of Annasamy Street in Zaminpallavaram village is Rs 3,520 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Annasamy Street has changed

The guideline value for Annasamy Street has seen several revisions over the years. In 2003, the value was Rs 205 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a change of +193%. This upward trend continued as the value jumped to Rs 3,200 per sq.ft in 2012, a remarkable increase of +433%. However, from 2012 to 2017, the value decreased to Rs 2,144 per sq.ft, reflecting a decline of -33%. The most recent revision in 2024 shows a substantial increase to Rs 3,520 per sq.ft, representing a rise of +64% from the 2017 figure.

It is noteworthy that there are no registered figures for Annasamy Street in the years 2023 and 2002. Overall, from 2003 to 2024, the guideline value has increased by +1617%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Annasamy Street's 2024 figure above this median.

• Anna Street: Rs 3,300 per sq.ft (2024)
• Anthoniyar Koil Street (Gst Road): Rs 3,850 per sq.ft (2024)
• Anumar Koil Street: Rs 3,850 per sq.ft (2024)
• Annai Therasa Nagar: Rs 3,300 per sq.ft (2024)
• Arasamara Street: Rs 2,750 per sq.ft (2024)
• Arcot Jambulingam Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Annasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, leading to a total of Rs 3,16,800. 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 Annasamy Street?

The Sub Registrar Office that covers Annasamy Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Annasamy Street?

The current guideline value of Annasamy Street is Rs 3,520 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 205 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, representing an overall increase of +1617%.

What is the land classification of Annasamy Street?

Annasamy Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Annasamy Street?

The Sub Registrar Office for Annasamy Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Annasamy Street?

Stamp duty for properties in Annasamy Street is calculated at 7% of the guideline value or the sale price, whichever is higher.