Guideline Value for ANNA STREET (WARD-21)

Anna Street (Ward-21) guideline value

The current guideline value of Anna Street (Ward-21) in Vallancheri village is Rs 660 per sq.ft, effective from the 2024 revision. This street falls under the Chengleput Joint II SRO and is classified as Residential Class II Type - I.

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

Over the years, the guideline value for Anna Street (Ward-21) has seen several revisions. In 2012, the guideline value was Rs 600 per sq.ft. This figure decreased to Rs 402 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 600 per sq.ft, followed by another increase to Rs 660 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

When examining the changes, the guideline value increased by 49% from 2017 to 2023. However, there was a decline of 33% from 2012 to 2017. Overall, from 2012 to 2024, 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 Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Anna Street (Ward-21) is 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, making the total fees together Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use 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 further assistance.

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

The guideline value is a crucial factor in the registration of property transactions in Vallancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 the 2024 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

Anna Street (Ward-21) is classified as Residential Class II Type - I.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in Anna Street (Ward-21)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 46,200.