Guideline Value for ANNA STREET POTHERI (WARD -1)

Anna Street Potheri (Ward -1) guideline value

The current guideline value of Anna Street Potheri (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Potheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Anna Street Potheri (Ward -1) has changed

The guideline value for Anna Street Potheri has seen several revisions over the years. The 2012 revision recorded a value of Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the most recent 2024 revision set it at Rs 770 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased significantly by 49%. However, from 2012 to 2017, there was a decrease of 33%. 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 Potheri

In Potheri village, there are 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median value is Rs 770 per sq.ft, which is the same as the current guideline value for Anna Street Potheri (Ward -1).

• Anna Street (Ward-20): Rs 880 per sq.ft (2024)
• Anna Street (Ward-21): Rs 660 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 Potheri (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total cost for these fees Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street Potheri (Ward -1)?

The Chengleput Joint II Sub Registrar Office covers Anna Street Potheri (Ward -1). The office is 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 Potheri

The guideline value is a crucial factor during the registration of property transactions in Potheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Anna Street Potheri (Ward -1)?

The current guideline value of Anna Street Potheri (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

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

Other streets in Potheri include Anna Street (Ward-20) at Rs 880 per sq.ft, Anna Street (Ward-21) at Rs 660 per sq.ft, Annai Therasha Street (Ward-20) at Rs 880 per sq.ft, and Annai Indra Street (Ward-21) at Rs 660 per sq.ft, among others.

What fees are associated with buying property in Anna Street Potheri (Ward -1)?

When buying property in Anna Street Potheri (Ward -1), buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anna Street Potheri (Ward -1)?

The Chengleput Joint II Sub Registrar Office, which covers Anna Street Potheri (Ward -1), is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.