Guideline Value for Doctor Annebesant Street (Sri nagar Colony)

Doctor Annebesant Street (Sri nagar Colony) guideline value

The current guideline value of Doctor Annebesant Street (Sri nagar Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Doctor Annebesant Street (Sri nagar Colony) has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure was then reduced to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, which is a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Doctor Annebesant Street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are a total of 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Doctor Annebesant Street's 2024 figure above that median.

• Dharmasastha Street (Sri nagar Colony): Rs 2,700 per sq.ft (2024)
• Dhanalakshmi Colony: Rs 2,400 per sq.ft (2024)
• Dr.Murugesan Street (Sri nagar Colony): Rs 2,700 per sq.ft (2024)
• D.R.R.Street: Rs 2,700 per sq.ft (2024)
• Devi Eswari Nagar Extention: Rs 1,800 per sq.ft (2024)
• Devi Eswari Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Doctor Annebesant Street (Sri nagar Colony)

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty, charged at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Doctor Annebesant Street (Sri nagar Colony)?

The Sub Registrar Office that covers Doctor Annebesant Street (Sri nagar Colony) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO online.

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

The guideline value is a crucial factor during property registration in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property 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 establish a fair transaction value, as it reflects the prevailing market conditions and land classifications in the area. Buyers and sellers should be aware of these values to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Doctor Annebesant Street (Sri nagar Colony)?

The current guideline value of Doctor Annebesant Street (Sri nagar Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then rising to Rs 2,500 per sq.ft in 2023, and finally reaching Rs 2,700 per sq.ft in 2024.

What is the land classification for Doctor Annebesant Street (Sri nagar Colony)?

The land classification for Doctor Annebesant Street (Sri nagar Colony) is Residential Special Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Doctor Annebesant Street (Sri nagar Colony) is 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 this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000.