Guideline Value for ANNA MAIN ROAD CHENNAI-24

Anna Main Road Chennai-24 guideline value

The current guideline value of Anna Main Road Chennai-24 is Rs 8,200 per sq.ft, effective from 1 July 2024. This property is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - I.

How the guideline value of Anna Main Road Chennai-24 has changed

Over the years, the guideline value for Anna Main Road Chennai-24 has undergone several revisions. The 2007 revision set the value at Rs 2,000 per sq.ft, which increased significantly to Rs 7,500 per sq.ft in 2012. However, it then decreased to Rs 5,025 per sq.ft in 2017. The following revisions saw an increase, with the 2023 revision at Rs 7,500 per sq.ft and the current 2024 revision at Rs 8,200 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, there was a notable increase of 275%. However, between 2012 and 2017, the value decreased by 33%. The guideline value then rose by 49% from 2017 to 2023, and from 2023 to 2024, it increased by 9%. Overall, the guideline value has increased by 310% from 2007 to 2024.

Guideline values in Puliyur

Puliyur village has a total of 648 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Anna Main Road Chennai-24 above this median.

• Annal Kamarajar Street: Rs 5,800 per sq.ft (2024)
• Annai Sathya Nagar Main Road: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 9th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 8th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 7th Street: Rs 3,800 per sq.ft (2024)
• Annai Sathya Nagar 6th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Main Road Chennai-24

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total to Rs 7,38,000. Please 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 information.

Which Sub Registrar Office covers Anna Main Road Chennai-24?

The Sub Registrar Office covering Anna Main Road Chennai-24 is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Puliyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is officially recorded and taxed appropriately.

When buying or selling property, the guideline value helps determine the legal value of the property, which is essential for both the buyer and seller. It ensures transparency in the transaction and helps avoid disputes regarding property valuation.

Frequently asked questions

What is the current guideline value of Anna Main Road Chennai-24?

The current guideline value of Anna Main Road Chennai-24 is Rs 8,200 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 2,000 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 310% over this period.

What is the land classification for Anna Main Road Chennai-24?

Anna Main Road Chennai-24 is classified as Residential Special Type - I, indicating its use for residential purposes.

What are the stamp duty rates for property in Anna Main Road Chennai-24?

The stamp duty rate for property transactions in Anna Main Road Chennai-24 is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.