Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street in Enjambakkam village, under the Neelankarai SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I 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 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in 2017. However, in 2017, it was revised to Rs 1,005 per sq.ft, marking a decrease of 33%. The next revision in 2023 increased the value to Rs 1,500 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 13%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which means Anna Street's 2024 figure is below that median.

• ANUMAN COLONY 1st CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 2nd CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 3rd CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 4th CROSS STREET: Rs 2,200 per sq.ft (2024)
• ANUMAN COLONY 5th CROSS STREET: Rs 2,200 per sq.ft (2024)
• Anuman Colony Main Road: Rs 2,200 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 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total Rs 1,53,000. 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 further assistance.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

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 Enjambakkam, the guideline value will influence the stamp duty and registration fees that need to be paid.

During the registration process, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being an increase from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024. Overall, the value has increased by 13% from 2012 to 2024.

What is the land classification of Anna Street?

Anna Street is classified under Residential Class IV Type - I, indicating its designated use for residential purposes.

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

The Sub Registrar Office for Anna Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Anna Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.