Guideline Value for ANNA STREET (RAMJI STREET)

Anna Street (Ramji Street) guideline value

The current guideline value of Anna Street (Ramji Street) is Rs 8,250 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anna Street (Ramji Street) has changed

The guideline value for Anna Street (Ramji Street) has seen several revisions over the years. In 2002, the guideline value was Rs 626 per sq.ft, which increased to Rs 693 per sq.ft in 2003. This was followed by a significant rise to Rs 1,300 per sq.ft in 2007, marking an increase of 88%. The value then surged to Rs 7,500 per sq.ft in 2012, reflecting a remarkable increase of 477%. However, in 2017, the value dropped to Rs 5,025 per sq.ft, a decrease of 33%. The subsequent revision in 2023 raised the value to Rs 7,500 per sq.ft, and the latest revision in 2024 set it at Rs 8,250 per sq.ft, an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,218%. There are no figures available for the years not listed in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Anna Street (Ramji Street) below this median.

• Appar Street: Rs 11,000 per sq.ft (2024)
• Arundale 1st Street: Rs 11,000 per sq.ft (2024)
• Arundale 2nd Street: Rs 11,000 per sq.ft (2024)
• Arundale 3rd Street: Rs 11,000 per sq.ft (2024)
• Anna Colony 2nd Cross Street: Rs 9,900 per sq.ft (2024)
• Anna Colony 1st Cross Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street (Ramji Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,250 per sq.ft, the total guideline value amounts to Rs 82,50,000. The stamp duty at 7% would be Rs 5,77,500, and the registration fee at 2% would be Rs 1,65,000, bringing the total fees together to Rs 7,42,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Anna Street (Ramji Street)?

The Sub Registrar Office that covers Anna Street (Ramji 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. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Thiruvanmiyur. It serves as a reference point for determining the minimum value at which a property can be registered. When you buy or sell a property, the registration office uses this value to calculate applicable fees, ensuring that all transactions are documented accurately.

Additionally, the guideline value can influence the stamp duty and registration fees that buyers need to pay. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anna Street (Ramji Street)?

The current guideline value of Anna Street (Ramji Street) is Rs 8,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 626 per sq.ft in 2002 to Rs 8,250 per sq.ft in 2024, marking an overall increase of 1,218% over the years.

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

Other streets in Thiruvanmiyur include Appar Street, Arundale 1st Street, Arundale 2nd Street, Arundale 3rd Street, Anna Colony 2nd Cross Street, and Anna Colony 1st Cross Street, with guideline values ranging from Rs 9,900 to Rs 11,000 per sq.ft in 2024.

What is the stamp duty rate for properties in Anna Street (Ramji Street)?

The stamp duty rate for properties in Anna Street (Ramji Street) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anna Street (Ramji Street)?

The Sub Registrar Office for Anna Street (Ramji Street) is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more information by visiting the relevant link.