Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street in Koladi village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased dramatically to Rs 800 per sq.ft in 2012, marking a rise of 300%. However, this figure dropped to Rs 536 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose to Rs 800 per sq.ft in 2023, and subsequently increased by 10% to reach the current value of Rs 880 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The revisions for the years 2002 and 2003 do not have any figures listed in the register for this street.

Guideline values in Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Anna Street is below this median.

• Aravamuthu Street: Rs 660 per sq.ft (2024)
• Annalakshmi Nagar Main Road: Rs 660 per sq.ft (2024)
• Annalakshmi Nagar Cross Road: Rs 660 per sq.ft (2024)
• Annalakshmi Nagar: Rs 660 per sq.ft (2024)
• Arjuna Medu: Rs 880 per sq.ft (2024)
• Arjuna Medu Road: Rs 880 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 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to 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 Chennai South Joint II 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 information.

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

The guideline value is essential during the registration process when buying or selling property in Koladi. It serves as a basis for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, marking an overall increase of 340% over this period.

What is the land classification of Anna Street?

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

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,80,000, the total fees would amount to Rs 79,200.