Guideline Value for Thiruvalluar NagarAnna Street

Thiruvalluar NagarAnna Street guideline value

The current guideline value of Thiruvalluar NagarAnna Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Thiruvalluar NagarAnna Street has changed

Over the years, the guideline value for Thiruvalluar NagarAnna Street has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in the 2012 revision. However, this value decreased to Rs 3,015 per sq.ft in the 2017 revision. The 2023 revision brought the value back up to Rs 4,500 per sq.ft, and the most recent 2024 revision has set it at Rs 4,900 per sq.ft, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 period saw a decrease of 33%. The significant jump from 2007 to 2012 was a remarkable 350%. Overall, from 2007 to 2024, the guideline value has increased by 390%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is the same as the current value for Thiruvalluar NagarAnna Street.

• Thiruvalluar NagarAnna Cross Street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar NagarKamaraj street: Rs 4,900 per sq.ft (2024)
• Thiruvalluar Nagar Solai Amman koil street: Rs 4,900 per sq.ft (2024)
• Thirupacheeswaran street: Rs 4,900 per sq.ft (2024)
• Thirumalai Raja Street: Rs 4,900 per sq.ft (2024)
• Thirumalai Raja Lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluar NagarAnna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. 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 Thiruvalluar NagarAnna Street?

The Thiruvalluar NagarAnna Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property in Ayanavaram. It is the basis for calculating the stamp duty and registration fees, which are mandatory when transferring property ownership. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to determine the official value of the transaction for taxation purposes. This ensures that the appropriate duties are collected based on the established rates, making it essential for both parties to understand the guideline value applicable to the property in question.

Frequently asked questions

What is the current guideline value of Thiruvalluar NagarAnna Street?

The current guideline value of Thiruvalluar NagarAnna Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 390% over the years.

What is the stamp duty rate for property in Thiruvalluar NagarAnna Street?

The stamp duty rate for property in Thiruvalluar NagarAnna Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiruvalluar NagarAnna Street?

The Sub Registrar Office for Thiruvalluar NagarAnna Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Ayanavaram?

The median guideline value for streets in Ayanavaram is Rs 4,900 per sq.ft, which is the same as the current value for Thiruvalluar NagarAnna Street.