Guideline Value for Rani Annadurai Street

Rani Annadurai Street guideline value

The current guideline value of Rani Annadurai Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Rani Annadurai Street has changed

The guideline value for Rani Annadurai Street has seen several revisions over the years. The 2007 revision set the value at Rs 800 per sq.ft, which significantly increased to Rs 3,000 per sq.ft in the 2012 revision. This figure remained unchanged through the 2023 revision, but in the 2024 revision, the guideline value rose to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Notably, the overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 313%. The register does not contain figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Rani Annadurai Street's 2024 figure below that median.

• Rani Annadurai Nagar: Rs 3,300 per sq.ft (2024)
• Rani Anna Nagar: Rs 3,300 per sq.ft (2024)
• Rathan Das Street: Rs 4,900 per sq.ft (2024)
• Rathinam Street (JPT): Rs 4,900 per sq.ft (2024)
• Rams Colony Old Door No.11, New Door No.21: Rs 7,000 per sq.ft (2024)
• Rams Colony for others: Rs 6,600 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that 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 details.

Which Sub Registrar Office covers Rani Annadurai Street?

The Sub Registrar Office that covers Rani Annadurai Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the necessary fees. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Rani Annadurai Street?

The current guideline value of Rani Annadurai Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 313% over the years.

What is the land classification for Rani Annadurai Street?

Rani Annadurai Street is classified as Residential Class IV Type - II according to the guideline value register.

Where can I find the Sub Registrar Office for Rani Annadurai Street?

The Sub Registrar Office for Rani Annadurai Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Rani Annadurai Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft would incur a total stamp duty of Rs 2,31,000.