Guideline Value for RANI ANNADURAI STREET

Rani Annadurai Street guideline value

The current guideline value of Rani Annadurai Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class III Type - III.

How the guideline value of Rani Annadurai Street has changed

The guideline value for Rani Annadurai Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,220 per sq.ft. This increased to Rs 1,355 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 1,540 per sq.ft in 2007, which was a 14% increase. The next revision in 2012 saw a significant change, dropping to Rs 8,000 per sq.ft, a decrease of 33%. However, from 2012 to 2017, the value surged to Rs 5,360 per sq.ft, reflecting a 419% increase. The 2023 revision set the value at Rs 8,000 per sq.ft, and the latest revision in 2024 brought it to Rs 8,800 per sq.ft, an increase of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 621%. There are no figures available for the revisions in the years not mentioned in the register.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, which is the same as the current guideline value for Rani Annadurai Street.

• Ra Puram 1st Cross Street: Rs 17,600 per sq.ft (2024)
• Ra Puram 1st Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 2nd Cross Street: Rs 17,600 per sq.ft (2024)
• Ra Puram 2nd Main Road: Rs 17,600 per sq.ft (2024)
• Ra Puram 3rd Cross Street: Rs 17,600 per sq.ft (2024)
• Ra Puram 3rd Main Road: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Rani Annadurai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total cost for these fees to Rs 7,92,000. Please note that the 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 information.

Which Sub Registrar Office covers Rani Annadurai Street?

The Sub Registrar Office that covers Rani Annadurai Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

During the registration process, the guideline value helps in assessing the legitimacy of the sale price. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value to ensure that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Rani Annadurai Street?

The current guideline value of Rani Annadurai Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,220 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 621%.

What is the land classification for Rani Annadurai Street?

Rani Annadurai Street is classified as Residential Class III Type - III.

What are the stamp duty and registration fees for property in Rani Annadurai Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 7,92,000.

Where is the Mylapore Sub Registrar Office located?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.