Guideline Value for Annibesant Street

Annibesant Street guideline value

The current guideline value of Annibesant Street in Ambattur village, under the Ambattur SRO, is Rs 2,500 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - II land classification.

How the guideline value of Annibesant Street has changed

The guideline value for Annibesant Street has undergone several revisions over the years. In 2012, the value was set at Rs 2,300 per sq.ft, which then decreased to Rs 1,541 per sq.ft in 2017. This was a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, reaching Rs 2,300 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 2,500 per sq.ft, marking a 9% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Annibesant Street in the register. Overall, from 2012 to 2024, the guideline value has seen a net increase of 9%.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value for these streets is Rs 3,600 per sq.ft, indicating that Annibesant Street's 2024 figure is below this median.

• Anna Street (venkatapuram): Rs 4,000 per sq.ft (2024)
• Annastreet (Thiruvalluar Nagar 16th Ward): Rs 1,400 per sq.ft (2024)
• Annastreet (Ramapuram): Rs 3,600 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)
• Arumuga Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Annibesant Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total costs to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Annibesant Street?

The Sub Registrar Office that covers Annibesant Street 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 in the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value as it impacts the overall costs associated with property registration.

Frequently asked questions

What is the current guideline value of Annibesant Street?

The current guideline value of Annibesant Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,500 per sq.ft in 2024.

What are the other guideline values in Ambattur?

Other streets in Ambattur have varying guideline values, ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft.

Where is the Sub Registrar Office for Annibesant Street located?

The Ambattur Sub Registrar Office is 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?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000.