Guideline Value for ANNA NAGAR AMBEDKAR STREET

Anna Nagar Ambedkar Street guideline value

The current guideline value of Anna Nagar Ambedkar Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thundalam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Anna Nagar Ambedkar Street has changed

Looking at the historical revisions, the guideline value for Anna Nagar Ambedkar Street has seen several changes over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the 2017 revision, where it was reduced to Rs 1,005 per sq.ft. The value then increased significantly to Rs 1,500 per sq.ft in the 2023 revision, before rising to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Anna Nagar Ambedkar Street's 2024 figure below that median.

• Anna Nagar Anna Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Bharahtiyar Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Desigan Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Doss 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Doss 1st Street: Rs 1,650 per sq.ft (2024)
• Anna Nagar Doss Iiird Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Ambedkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anna Nagar Ambedkar Street?

The Anna Nagar Ambedkar 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. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Thundalam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in this area. The guideline value is generally considered the minimum value for the property, ensuring that the government receives appropriate revenue from property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable stamp duty and registration fees. This ensures that property transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Anna Nagar Ambedkar Street?

The current guideline value of Anna Nagar Ambedkar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, marking a 10% increase. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the registration office for Anna Nagar Ambedkar Street?

The registration office for Anna Nagar Ambedkar 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.

How is stamp duty calculated for properties in Anna Nagar Ambedkar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.

What is the land classification for Anna Nagar Ambedkar Street?

Anna Nagar Ambedkar Street is classified as Residential Class IV Type - II, which is important for understanding the zoning and usage regulations for properties in this area.