Guideline Value for Annibesant Street (V.L.Puram)

Annibesant Street (V.L.Puram) guideline value

The current guideline value of Annibesant Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Annibesant Street (V.L.Puram) has changed

The guideline value for Annibesant Street (V.L.Puram) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,200 per sq.ft in the 2023 revision and further to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam village, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, placing Annibesant Street (V.L.Puram) above this median.

• Annru Street: Rs 1,600 per sq.ft (2024)
• Anna Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Anna Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Anna Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Anna Street (Pudur): Rs 1,900 per sq.ft (2024)
• Anna Street (Min Nagar): Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Annibesant Street (V.L.Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Annibesant Street (V.L.Puram)?

The Sub Registrar Office that covers Annibesant Street (V.L.Puram) 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 Oragadam

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell a property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Annibesant Street (V.L.Puram)?

The current guideline value of Annibesant Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of Annibesant Street (V.L.Puram)?

Annibesant Street (V.L.Puram) is classified as Residential Special Type - I.

Where can I find the registration office for Annibesant Street (V.L.Puram)?

The registration office for Annibesant Street (V.L.Puram) 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 Annibesant Street (V.L.Puram)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at 7%.