Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street in Pallikaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has seen several revisions over the years. Starting from Rs 94 per sq.ft in 2002, it increased to Rs 111 per sq.ft in 2003, marking an 18% rise. The value then surged significantly to Rs 400 per sq.ft in 2007, reflecting a 260% increase. In 2012, the value further rose to Rs 1,200 per sq.ft, showing a 200% change from the previous revision. However, between 2012 and 2017, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, which is a 64% increase from the 2017 figure.

It is important to note that there is no figure available for Anna Street in the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by 1304%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that have a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Anna Street's 2024 guideline value below this median.

• Anna Nagar Merkku 8th Cross Street: Rs 1,320 per sq.ft (2024)
• Anna Nagar Merkku 7th Cross Street: Rs 1,320 per sq.ft (2024)
• Anna Nagar Merkku 6th Cross Street: Rs 1,320 per sq.ft (2024)
• Anna Nagar: Rs 1,320 per sq.ft (2024)
• Anna M.G.R Nagar Rajugandhi Street: Rs 1,320 per sq.ft (2024)
• Anna M.G.R Nagar Pari Street: Rs 1,320 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street?

Anna Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Pallikaranai, the guideline value is used to calculate the stamp duty and registration fees that must be paid during the registration process.

It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 94 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1304% over this period.

What is the land classification for Anna Street?

Anna Street is classified as Residential Class IV Type - II under the Chennai South Joint I SRO.

What are the stamp duty and registration fees for property in Anna Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000, with stamp duty at Rs 92,400 and registration fee at Rs 26,400, totaling Rs 1,18,800.

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

The Sub Registrar Office covering Anna Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.