Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street in Arumbakkam village, under the Kodambakkam SRO, is Rs 5,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 513 per sq.ft. This increased to Rs 565 per sq.ft in 2003, marking a change of +10%. The value then saw a significant rise to Rs 1,115 per sq.ft in 2007, which was an increase of +97%. In 2012, the value was recorded at Rs 5,200 per sq.ft, reflecting a substantial increase of +366%. However, this figure dropped to Rs 3,484 per sq.ft in 2017, showing a decrease of -33%. The value then increased to Rs 5,200 per sq.ft in 2023, followed by the current value of Rs 5,700 per sq.ft in 2024, representing a change of +10%.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +1011%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. The guideline value of Anna Street is below this median.

• Annamalai Maistry Street/ Annamalai Cross Street: Rs 7,000 per sq.ft (2024)
• Arignar Anna Street: Rs 5,300 per sq.ft (2024)
• Annai Sathya Nagar: Rs 4,400 per sq.ft (2024)
• Arunachalapuram Street: Rs 5,700 per sq.ft (2024)
• Ashoka Nagar: Rs 5,000 per sq.ft (2024)
• Ashoka Nagar Main Road: Rs 5,000 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 5,700 per sq.ft, the total guideline value amounts to Rs 57,00,000. The stamp duty at 7% would be Rs 3,99,000, and the registration fee at 2% would be Rs 1,14,000, bringing the total fees to Rs 5,13,000. Duty is charged on the guideline value or the sale price, whichever is higher. 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 Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Arumbakkam. It determines the minimum value at which a property 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 compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 5,700 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 513 per sq.ft in 2002 to Rs 5,700 per sq.ft in 2024, with various increments and decrements over the years.

What is the land classification for Anna Street?

Anna Street falls under the Residential Class I Type - I land classification.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 3,99,000, and the registration fee is Rs 1,14,000, totaling Rs 5,13,000.

Which office handles registrations for Anna Street?

The Kodambakkam Sub Registrar Office handles registrations for Anna Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.