Guideline Value for ANNA STREET KANNIGAPURAM

Anna Street Kannigapuram guideline value

The current guideline value of Anna Street Kannigapuram is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Anna Street Kannigapuram has changed

The guideline value for Anna Street Kannigapuram has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 2,250 per sq.ft. This was followed by a decrease to Rs 1,507 per sq.ft in 2017, marking a drop of 33%. The value continued to decline to Rs 1,200 per sq.ft in 2023, a further reduction of 20%. The most recent revision in 2024 has set the value at Rs 1,300 per sq.ft, reflecting an increase of 8% from the previous year.

It is important to note that there are no recorded figures for Anna Street Kannigapuram in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has decreased by 42%.

Guideline values in Paruthipattu

In Paruthipattu village, there are 486 streets under the Avadi SRO, with guideline values for 2024 ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value in this area is Rs 1,625 per sq.ft, placing the 2024 figure for Anna Street Kannigapuram below this median.

• Anna Street Konambedu: Rs 950 per sq.ft (2024)
• Anna (Vanigam): Rs 1,625 per sq.ft (2024)
• Anna Squre: Rs 3,300 per sq.ft (2024)
• Anuman Kula Street: Rs 950 per sq.ft (2024)
• Annanur Station Road: Rs 950 per sq.ft (2024)
• Annanur Ponniyamman Koil St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street Kannigapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street Kannigapuram?

The Sub Registrar Office that covers Anna Street Kannigapuram is the Avadi Sub Registrar Office. The address is 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 Paruthipattu

The guideline value plays a crucial role in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, helping to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Anna Street Kannigapuram?

The current guideline value of Anna Street Kannigapuram is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,250 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, reflecting an overall decrease of 42% over this period.

What is the land classification for Anna Street Kannigapuram?

Anna Street Kannigapuram is classified as Residential Special Type - III, indicating its designated use for residential purposes.

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

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

How is the stamp duty calculated for properties in Anna Street Kannigapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty of Rs 91,000.