Guideline Value for ANNA COLONY 2ND CROSS STREET

Anna Colony 2nd Cross Street guideline value

The current guideline value of Anna Colony 2nd Cross Street is Rs 9,900 per sq.ft. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Anna Colony 2nd Cross Street has changed

The guideline value for Anna Colony 2nd Cross Street has seen several revisions over the years. In 2002, the value was Rs 835 per sq.ft, which increased to Rs 924 per sq.ft in 2003. Following that, the value rose significantly to Rs 1,300 per sq.ft in 2007, and then saw a substantial increase to Rs 9,000 per sq.ft in 2012. However, it decreased to Rs 6,030 per sq.ft in 2017 before rising again to Rs 9,000 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 9,900 per sq.ft.

Between these revisions, notable changes include an increase of 10% from 2023 to 2024, a 49% increase from 2017 to 2023, and a significant decrease of 33% from 2012 to 2017. The value saw a remarkable increase of 592% from 2007 to 2012, and a 41% increase from 2003 to 2007. Overall, the guideline value has increased by 1086% from 2002 to 2024.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, which is equal to the guideline value of Anna Colony 2nd Cross Street.

• Anna Colony 1st 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 2nd 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 be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, making the total fees together Rs 8,91,000. 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 specific calculations.

Which Sub Registrar Office covers Anna Colony 2nd Cross Street?

The Sub Registrar Office that covers Anna Colony 2nd Cross Street is 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 information.

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

The guideline value is a crucial factor when registering property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value for transactions, ensuring that the property is registered at a fair price according to government standards.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Anna Colony 2nd Cross Street?

The current guideline value of Anna Colony 2nd 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 significantly from Rs 835 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 1086% over this period.

What is the role of the Chennai South Joint I SRO?

The Chennai South Joint I SRO is responsible for maintaining the guideline values for properties in its jurisdiction, including Anna Colony 2nd Cross Street, and overseeing property registrations.

How is stamp duty calculated for properties in Anna Colony 2nd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 99,00,000 would incur a stamp duty of Rs 6,93,000 at 7%.

Where can I find more information about guideline values?

More information about guideline values can be found through the Registration Department's guideline value register (TNReginet) or by visiting the relevant Sub Registrar Office.