Guideline Value for ANNA STREET (Padi Kuppam)

ANNA STREET (Padi Kuppam) guideline value

The current guideline value of ANNA STREET (Padi Kuppam) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Padi village and falls under the Villivakkam SRO. The land classification for this area is Residential Class V Type - II.

How the guideline value of ANNA STREET (Padi Kuppam) has changed

The guideline value for ANNA STREET has undergone several revisions over the years. In 2007, the guideline value was Rs 405 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft again in 2023, and most recently, it has increased to Rs 2,200 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2007 to 2012 saw a remarkable increase of 394%. Overall, from 2007 to 2024, the guideline value has increased by 443%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, placing ANNA STREET's 2024 figure below that median.

• ANNA STREET (Back of Britannia): Rs 3,400 per sq.ft (2024)
• Appadurai Chetty Street: Rs 2,500 per sq.ft (2024)
• APPAR STREET (Britannia back side): Rs 2,800 per sq.ft (2024)
• A.P.PLOTS 10th STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 11th STREET: Rs 7,700 per sq.ft (2024)
• A.P.PLOTS 12th STREET: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in ANNA STREET (Padi Kuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers ANNA STREET (Padi Kuppam)?

The Sub Registrar Office that covers ANNA STREET (Padi Kuppam) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Padi. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers often refer to this value to establish a fair price for the property being transacted.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of ANNA STREET (Padi Kuppam)?

The current guideline value of ANNA STREET (Padi Kuppam) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 405 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 443% over the years.

What is the land classification for ANNA STREET (Padi Kuppam)?

ANNA STREET (Padi Kuppam) is classified as Residential Class V Type - II.

Where can I find the Sub Registrar Office for ANNA STREET (Padi Kuppam)?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in ANNA STREET (Padi Kuppam)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.