Guideline Value for Annastreet (Thiruvalluar Nagar 16th Ward)

Annastreet (Thiruvalluar Nagar 16th Ward) guideline value

The current guideline value of Annastreet (Thiruvalluar Nagar 16th Ward) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, and it falls under the Residential Class V Type - II land classification.

How the guideline value of Annastreet (Thiruvalluar Nagar 16th Ward) has changed

The guideline value for Annastreet has seen several revisions over the years. In 2012, the value was Rs 1,300 per sq.ft. This figure remained unchanged until 2017 when it decreased to Rs 871 per sq.ft. Following this, the value increased significantly to Rs 1,300 per sq.ft in 2023, and finally rose to Rs 1,400 per sq.ft in 2024, marking an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, comparing the 2012 figure to the current 2024 value, there has been an 8% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that have a guideline value for 2024, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value in this area is Rs 3,600 per sq.ft, which means that the 2024 figure for Annastreet is below this median.

• Anna Street (venkatapuram): Rs 4,000 per sq.ft (2024)
• Annastreet (Ramapuram): Rs 3,600 per sq.ft (2024)
• Annibesant Street: Rs 2,500 per sq.ft (2024)
• A.P. kannaia Street: Rs 3,600 per sq.ft (2024)
• Arasammal street (Nainee Ammal Lane): Rs 4,600 per sq.ft (2024)
• Annaitherasa Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Annastreet (Thiruvalluar Nagar 16th Ward)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total cost for these fees Rs 1,26,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on calculating these fees.

Which Sub Registrar Office covers Annastreet (Thiruvalluar Nagar 16th Ward)?

The Sub Registrar Office that covers Annastreet (Thiruvalluar Nagar 16th Ward) 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 Ambattur

The guideline value is a crucial factor when registering property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated based on a fair value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This valuation is essential for legal documentation and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Annastreet (Thiruvalluar Nagar 16th Ward)?

The current guideline value of Annastreet (Thiruvalluar Nagar 16th Ward) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then increased to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the land classification of Annastreet?

Annastreet (Thiruvalluar Nagar 16th Ward) is classified as Residential Class V Type - II.

Where can I find the registration office for Annastreet?

The registration office for Annastreet 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 the stamp duty calculated for properties in Annastreet?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000.