Guideline Value for ANNA COLONY

Anna Colony guideline value

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

How the guideline value of Anna Colony has changed

The guideline value of Anna Colony has seen several revisions over the years. The 2012 revision set the value at Rs 9,000 per sq.ft, which was then reduced by 33% to Rs 6,030 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 9,000 per sq.ft, and the latest 2024 revision has raised it further to Rs 9,900 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value range 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 for 2024.

• Anna Colony 1st Cross Street: Rs 9,900 per sq.ft (2024)
• Anna Colony 2nd Cross Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to 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, bringing the total cost for these fees to 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.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anna Colony?

Anna Colony 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 information.

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

The guideline value is a crucial factor in property transactions in Thiruvanmiyur. It serves as the baseline for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the official valuation for tax purposes. This ensures that both parties are aware of the financial implications of the sale and that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Anna Colony?

The current guideline value of Anna Colony 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 9,000 per sq.ft in 2012 to Rs 6,030 per sq.ft in 2017, then increased to Rs 9,000 per sq.ft in 2023, and finally to Rs 9,900 per sq.ft in 2024.

What is the land classification of Anna Colony?

Anna Colony is classified as Residential Class I Type - I under the Chennai South Joint I SRO.

What are the stamp duty and registration fees for property in Anna Colony?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000, and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Which office handles registrations for Anna Colony?

The Chennai South Joint I Sub Registrar Office handles registrations for Anna Colony, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.