Guideline Value for C.V.M.ANNAMALAI STREET

C.V.M.Annamalai Street guideline value

The current guideline value of C.V.M.Annamalai Street, located in Vengathur village under the Manavalanagar SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of C.V.M.Annamalai Street has changed

The guideline value for C.V.M.Annamalai Street has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 500% increase. However, it saw a decrease to Rs 402 per sq.ft in 2017, which was a 33% drop from the previous figure. The value then rose to Rs 600 per sq.ft in 2023, remaining unchanged in the 2024 revision.

There are no figures available in the register for the years 2002 and 2003 for this street. The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024, indicating no change during this period. Overall, from 2007 to 2024, the guideline value has increased by 500%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO, with 2024 guideline values ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing C.V.M.Annamalai Street's 2024 figure below that median.

• Dr.ABDULKALAM STREET: Rs 1,300 per sq.ft (2024)
• Chandra Nagar: Rs 500 per sq.ft (2024)
• Dr.KARUNANITHI CROSS STREET: Rs 1,000 per sq.ft (2024)
• Dr.KARUNANITHI STREET: Rs 1,300 per sq.ft (2024)
• Buther Street: Rs 1,300 per sq.ft (2024)
• Dr.RADHAKRISHNAN STREET: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in C.V.M.Annamalai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.V.M.Annamalai Street?

The Sub Registrar Office covering C.V.M.Annamalai Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Vengathur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps ensure compliance with local regulations and provides clarity on the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of C.V.M.Annamalai Street?

The current guideline value of C.V.M.Annamalai Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 100 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreasing to Rs 402 per sq.ft in 2017, and returning to Rs 600 per sq.ft in 2023 and 2024.

What are the guideline values of other streets in Vengathur?

Other streets in Vengathur have guideline values ranging from Rs 500 to Rs 1,300 per sq.ft as of 2024, with C.V.M.Annamalai Street being below the median value of Rs 1,000 per sq.ft.

What fees are associated with buying property in C.V.M.Annamalai Street?

When purchasing property in C.V.M.Annamalai Street, buyers should consider the stamp duty of 7% and a registration fee of 2%, which are calculated based on the higher of the guideline value or the sale price.

Where can I find more information about the Sub Registrar Office?

The Manavalanagar Sub Registrar Office covers C.V.M.Annamalai Street and is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. More information can be found by visiting the provided link to find your SRO.