Guideline Value for Annru Street

Annru Street guideline value

The current guideline value of Annru Street in Oragadam village, under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Annru Street has changed

The guideline value for Annru Street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, this value decreased to Rs 1,005 per sq.ft in 2017. The 2023 revision set the value at Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, 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 for these streets is Rs 2,200 per sq.ft, indicating that Annru Street's 2024 figure is below this median.

• Annibesant Street (V.L.Puram): Rs 2,400 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 Annru Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. 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 Annru Street?

The Sub Registrar Office that covers Annru 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 Oragadam

The guideline value is a critical factor when buying or selling property in Oragadam. It determines the minimum value at which a property can be registered, ensuring that transactions are conducted at a fair price as per government standards.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Annru Street?

The current guideline value of Annru Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 300% over the years.

What is the land classification for Annru Street?

Annru Street is classified under Residential Class II Type - I according to the guideline value register.

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

The Sub Registrar Office covering Annru Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is stamp duty calculated for properties in Annru Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000.