Guideline Value for ANNA STREET KAKKANJI NAGAR

Anna Street Kakkanji Nagar guideline value

The current guideline value for Anna Street Kakkanji Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Anna Street Kakkanji Nagar has changed

The guideline value for Anna Street Kakkanji Nagar has seen significant changes over the years. The earliest recorded figure is from 2002, where it was Rs 67 per sq.ft. This increased to Rs 77 per sq.ft in 2003, marking a 15% rise. The value then surged to Rs 386 per sq.ft in 2007, which is an increase of 401%. In 2012, the value remained at Rs 900 per sq.ft, showing no figure for this street in the 2012 revision. However, by 2017, it dropped to Rs 603 per sq.ft, reflecting a decrease of 33%. The value rose again to Rs 900 per sq.ft in 2023, and finally, the latest revision in 2024 set it at Rs 988 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1375%. The revisions from 2017 to 2023 saw a significant rise of 49%, while the jump from 2012 to 2017 was a decrease of 33%. The fluctuations in the guideline value reflect various factors influencing property assessments in the area.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which is equal to the guideline value of Anna Street Kakkanji Nagar for 2024.

• Anna Street (Babu Nagar): Rs 1,980 per sq.ft (2024)
• Antony Street: Rs 988 per sq.ft (2024)
• Anna Salai (M.T.H.Road Gandhi Nagar): Rs 1,950 per sq.ft (2024)
• Anna Salai Kamarajapuram: Rs 1,980 per sq.ft (2024)
• Anna Nagar Main Road: Rs 988 per sq.ft (2024)
• Anna Nagar Avenue: Rs 988 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total charges to Rs 88,920. 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 Kakkanji Nagar?

The Sub Registrar Office that covers Anna Street Kakkanji Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Thandurai. It serves as a benchmark for determining the minimum price at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set by the Registration Department.

In addition to calculating fees, the guideline value also provides transparency in property transactions. Buyers and sellers can reference these values to ensure they are making informed decisions based on the current market assessments as reflected in the guideline value register.

Frequently asked questions

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

The current guideline value of Anna Street Kakkanji Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 67 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, reflecting an overall increase of 1375% over the years.

What are the other streets in Thandurai with similar guideline values?

Other streets in Thandurai with similar guideline values include Antony Street, Anna Nagar Main Road, and Anna Nagar Avenue, all at Rs 988 per sq.ft for 2024.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft, the stamp duty would amount to Rs 69,160 based on the current guideline value.

Where can I find the Sub Registrar Office for Anna Street Kakkanji Nagar?

The Sub Registrar Office for Anna Street Kakkanji Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.