Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street in Zaminpallavaram village is Rs 3,300 per sq.ft, effective from the 2024 revision. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Anna Street has changed

Over the years, the guideline value of Anna Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 2,010 per sq.ft. Subsequently, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the current 2024 revision has raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. 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 Zaminpallavaram

Zaminpallavaram village has 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The guideline value of Anna Street at Rs 3,300 per sq.ft is equal to the median value for the village.

• Annasamy Street: Rs 3,520 per sq.ft (2024)
• Anthoniyar Koil Street (Gst Road): Rs 3,850 per sq.ft (2024)
• Anumar Koil Street: Rs 3,850 per sq.ft (2024)
• Arasamara Street: Rs 2,750 per sq.ft (2024)
• Arcot Jambulingam Street: Rs 3,850 per sq.ft (2024)
• Aringar Anna Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. Please 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?

The Sub Registrar Office that covers Anna Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is essential for calculating the applicable stamp duty. Buyers must be aware that the duty will be applied to either the guideline value or the sale price, whichever is higher, thereby influencing the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 3,300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Anna Street?

Anna Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

The Sub Registrar Office for Anna Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is 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, for a 1,000 sq.ft plot at Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000, resulting in a stamp duty of Rs 2,31,000.