Guideline Value for ANNA STREET (WARD-21)

Anna Street (Ward-21) guideline value

The current guideline value of Anna Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anna Street (Ward-21) has changed

Looking back at the revisions, the guideline value for Anna Street (Ward-21) was Rs 600 per sq.ft in 2023, which increased to Rs 660 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 402 per sq.ft, reflecting a significant increase of +49% by 2023. The register has no figures for the years 2002, 2003, and 2007.

In 2012, the guideline value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017, resulting in a decline of -33%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of +10%.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Anna Street (Ward-21) below this median.

• Anna Street (Ward-20): Rs 880 per sq.ft (2024)
• Anna Street Potheri (Ward -1): Rs 770 per sq.ft (2024)
• Annai Therasha Street (Ward-20): Rs 880 per sq.ft (2024)
• Annai Indra Street (Ward-21): Rs 660 per sq.ft (2024)
• Arun Execello Estancia Residential Apts (Ward -1): Rs 2,200 per sq.ft (2024)
• Athiparasakthi Nagar, Thailavaram (Ward-21): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Street (Ward-21)?

The Sub Registrar Office that covers Anna Street (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Konathi. It determines the minimum value at which a property must be registered, ensuring that the transaction reflects a fair value as per the government's assessment.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for property transactions. This ensures that all parties are aware of the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Anna Street (Ward-21)?

The current guideline value of Anna Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What is the land classification for Anna Street (Ward-21)?

Anna Street (Ward-21) is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the other streets in Konathi with their guideline values?

Other streets in Konathi include Anna Street (Ward-20) at Rs 880 per sq.ft, Anna Street Potheri (Ward -1) at Rs 770 per sq.ft, and Annai Therasha Street (Ward-20) at Rs 880 per sq.ft, among others.

Where can I find the Sub Registrar Office for Anna Street (Ward-21)?

The Chengleput Joint II Sub Registrar Office covers Anna Street (Ward-21) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.