Guideline Value for ANNA COLONY 1ST CROSS STREET

Anna Colony 1st Cross Street guideline value

The current guideline value of Anna Colony 1st Cross Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Anna Colony 1st Cross Street has changed

The guideline value for Anna Colony 1st Cross Street has seen several revisions over the years. In 2002, the value was Rs 1,151 per sq.ft, which increased to Rs 1,273 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 1,800 per sq.ft in 2007, a 41% increase. Following this, there was a substantial jump to Rs 9,000 per sq.ft in 2012, reflecting a 400% increase. However, the value decreased to Rs 6,030 per sq.ft in 2017, a decline of 33%. The guideline value then rose to Rs 9,000 per sq.ft in 2023, and most recently, it has increased to Rs 9,900 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 760%. The register has no figure for the years not mentioned above.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur village, there are 484 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, which is equal to the 2024 figure for Anna Colony 1st Cross Street.

• Anna Colony 2nd Cross Street: Rs 9,900 per sq.ft (2024)
• Anna Colony: Rs 9,900 per sq.ft (2024)
• Ambethkar Street: Rs 7,150 per sq.ft (2024)
• Anna Street (Ramji Street): Rs 8,250 per sq.ft (2024)
• Appar Street: Rs 11,000 per sq.ft (2024)
• A.I.B.E.A. Nagar: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Colony 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, making the total cost for these fees Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Colony 1st Cross Street?

The Anna Colony 1st Cross Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvanmiyur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during property transactions. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to determine the minimum value at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Anna Colony 1st Cross Street?

The current guideline value of Anna Colony 1st Cross Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,151 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, showing an overall increase of 760% over this period.

What are the stamp duty and registration fees for property in Anna Colony 1st Cross Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 99,00,000, the total fees would amount to Rs 8,91,000.

Which Sub Registrar Office covers Anna Colony 1st Cross Street?

The Chennai South Joint I Sub Registrar Office covers Anna Colony 1st Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification for Anna Colony 1st Cross Street?

The land classification for Anna Colony 1st Cross Street is Residential Class I Type - I.