Guideline Value for RAJA ANNAMALAI CHETTIAR ROAD

Raja Annamalai Chettiar Road guideline value

The current guideline value of Raja Annamalai Chettiar Road is Rs 12,100 per sq.ft, effective from 1 July 2024. This road is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Raja Annamalai Chettiar Road has changed

Over the years, the guideline value of Raja Annamalai Chettiar Road has undergone several revisions. The earliest recorded figure is from 2007, where the value was Rs 2,800 per sq.ft. This value increased significantly to Rs 11,000 per sq.ft in 2012, marking a substantial rise of 293%. However, between 2012 and 2017, the value decreased to Rs 7,370 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 11,000 per sq.ft in 2023, and most recently to Rs 12,100 per sq.ft in the 2024 revision, which represents a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 2,800 per sq.ft in 2007 to Rs 12,100 per sq.ft in 2024, resulting in an overall increase of 332%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, placing Raja Annamalai Chettiar Road's 2024 figure above this median.

• Raghava Chetty Street: Rs 6,500 per sq.ft (2024)
• Purasawakkam High Road Lane: Rs 10,900 per sq.ft (2024)
• Purasawakkam High Road: Rs 10,900 per sq.ft (2024)
• Rajarathinam Street: Rs 8,800 per sq.ft (2024)
• Pudhu Thandavarayan Mudali Street: Rs 5,500 per sq.ft (2024)
• Prasanna Vinayagar Koil Street: Rs 6,500 per sq.ft (2024)

Stamp duty and registration fee for property in Raja Annamalai Chettiar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value would be Rs 1,21,00,000. The stamp duty at 7% would amount to Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000. Together, the total cost would be Rs 10,89,000. 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 more detailed calculations.

Which Sub Registrar Office covers Raja Annamalai Chettiar Road?

The Sub Registrar Office that covers Raja Annamalai Chettiar Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an essential factor during property transactions in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling a property. The guideline value helps ensure that property transactions are conducted transparently and fairly.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain consistency in property valuations and ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Raja Annamalai Chettiar Road?

The current guideline value of Raja Annamalai Chettiar Road is Rs 12,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2007 to Rs 12,100 per sq.ft in 2024, reflecting an overall increase of 332% across the revisions.

What is the land classification for Raja Annamalai Chettiar Road?

Raja Annamalai Chettiar Road is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties on this road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 10,89,000, based on the guideline value of Rs 1,21,00,000.

Where is the Sub Registrar Office for Raja Annamalai Chettiar Road located?

The Sub Registrar Office covering Raja Annamalai Chettiar Road is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.