Guideline Value for ANNA CROSS STREET

Anna Cross Street guideline value

The current guideline value of Anna Cross Street in Nanmangalam village is Rs 1,960 per sq.ft, effective from 1 July 2024. This property falls under the Pallavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna Cross Street has changed

The guideline value for Anna Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged in the 2017 revision, where the value dropped to Rs 1,206 per sq.ft. In the 2023 revision, the value increased to Rs 1,800 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,960 per sq.ft.

From 2012 to 2017, there was a significant decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nanmangalam

Nanmangalam village has a total of 139 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Anna Cross Street's 2024 figure below the median.

• Ananthpadmanabhan Avenue: Rs 3,300 per sq.ft (2024)
• ANNA Street: Rs 3,300 per sq.ft (2024)
• Ambedkar Salai 1 To 2 Street: Rs 3,300 per sq.ft (2024)
• Ambedkar Salai: Rs 3,300 per sq.ft (2024)
• Alandur Main Road: Rs 3,850 per sq.ft (2024)
• Arul Murugan Nandavanam Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,960 per sq.ft, the total guideline value amounts to Rs 19,60,000. The stamp duty at 7% would be Rs 1,37,200, and the registration fee at 2% would be Rs 39,200, bringing the total cost for these fees to Rs 1,76,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Anna Cross Street?

The Sub Registrar Office that covers Anna Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Nanmangalam, the guideline value is used to calculate the stamp duty and registration fees that must be paid during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the overall transaction costs. Ensuring that the property is registered at the correct guideline value helps maintain compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anna Cross Street?

The current guideline value of Anna Cross Street is Rs 1,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,960 per sq.ft in 2024.

What is the land classification for Anna Cross Street?

Anna Cross Street is classified as Residential Class II Type - I under the Pallavaram SRO.

Where can I find the Sub Registrar Office for Anna Cross Street?

The Sub Registrar Office for Anna Cross Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Anna Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total guideline value of Rs 19,60,000, leading to a stamp duty of Rs 1,37,200.