Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street in Vengathur village, under the Manavalanagar SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Commercial Class I Type - III land classification.

How the guideline value of Anna Street has changed

Over the years, the guideline value of Anna Street has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 871 per sq.ft. The 2023 revision maintained the value at Rs 1,300 per sq.ft, and this figure remains unchanged in the 2024 revision.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. From 2017 to 2023, the guideline value increased by 49%, while the overall change from 2007 to 2024 reflects a substantial increase of 767%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO, with guideline values for 2024 ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Anna Street's 2024 figure above this median.

• Anna Nagar Sellum Salai: Rs 1,300 per sq.ft (2024)
• Arumugam Street: Rs 1,300 per sq.ft (2024)
• Anbazhagan Street: Rs 1,300 per sq.ft (2024)
• Awaiyar Street: Rs 1,000 per sq.ft (2024)
• Awwai Street: Rs 1,000 per sq.ft (2024)
• Amman Street: Rs 800 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. 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 precise calculations.

Which Sub Registrar Office covers Anna Street?

Anna Street is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Vengathur. It serves as a benchmark for determining 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 helps both parties understand the value of the property based on government assessments. This ensures transparency and fairness in the transaction process, aligning the sale price with the established guideline value.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017, and has remained at Rs 1,300 per sq.ft in 2023 and 2024.

What are the other streets in Vengathur with similar guideline values?

Other streets in Vengathur with a guideline value of Rs 1,300 per sq.ft include Anna Nagar Sellum Salai, Arumugam Street, and Anbazhagan Street.

What fees are associated with buying property on Anna Street?

For a property on Anna Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value, which together total Rs 1,17,000 for a 1,000 sq.ft plot.

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

The Sub Registrar Office that covers Anna Street is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.