Guideline Value for ANNA STREET. KAKKANJI COLONY

Anna Street. Kakkanji Colony guideline value

The current guideline value of Anna Street in Kakkanji Colony is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under Perambur village and is classified as Residential Class III Type - II, governed by the Purasaivakkam SRO.

How the guideline value of Anna Street. Kakkanji Colony has changed

The guideline value for Anna Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 2,700 per sq.ft, representing an 8% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, when considering the period from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which matches the current value for Anna Street.

• Annaswamy Street: Rs 3,800 per sq.ft (2024)
• Anna Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Appu Maistry Street: Rs 3,800 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Anna Nagar 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street. Kakkanji Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value is Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. Please 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 details.

Which Sub Registrar Office covers Anna Street. Kakkanji Colony?

The Sub Registrar Office that covers Anna Street in Kakkanji Colony is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue based on the property's value.

When a property is sold, the guideline value is considered alongside the sale price to calculate the applicable duties. If the sale price is higher than the guideline value, the stamp duty is charged on the sale price instead.

Frequently asked questions

What is the current guideline value of Anna Street. Kakkanji Colony?

The current guideline value of Anna Street in Kakkanji Colony is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Anna Street. Kakkanji Colony?

Anna Street is classified as Residential Class III Type - II, indicating its designation for residential use within the Purasaivakkam SRO.

Where can I find the Sub Registrar Office for this area?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it covers Anna Street in Kakkanji Colony.

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

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 Rs 2,700 per sq.ft would incur a total guideline value of Rs 27,00,000, leading to specific stamp duty and registration fees.