Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street in Okkiyamthuraipakkam village, under the Neelankarai SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - II.

How the guideline value of Anna Street has changed

Since the 2012 revision, the guideline value for Anna Street has seen several changes. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 2,345 per sq.ft. The 2023 revision increased the guideline value to Rs 3,500 per sq.ft, and the current 2024 revision has further increased it to Rs 3,900 per sq.ft, marking an 11% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 11%. The revisions for the years 2002, 2003, and 2007 do not have any figures listed for Anna Street in the register.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in the village is Rs 3,300 per sq.ft, which means that Anna Street's 2024 figure of Rs 3,900 per sq.ft is above this median.

• Ariatthamman Koil Street: Rs 3,300 per sq.ft (2024)
• Arihant Avenue: Rs 5,500 per sq.ft (2024)
• Arihant Kudiyiruppu Salai: Rs 5,500 per sq.ft (2024)
• Arulmigu Pamban Baba Nagar: Rs 2,200 per sq.ft (2024)
• Arumugam Avenue: Rs 2,200 per sq.ft (2024)
• Annai Parvathi Nagar: 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 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty, calculated at 7%, would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000. Together, the total cost for these fees would be Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is an essential factor in property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives due revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the expected value of the property. It is crucial to refer to the latest guideline value to ensure compliance with registration requirements and to avoid any potential legal issues.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, which is an increase of 11%. It was Rs 2,345 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification of Anna Street?

Anna Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

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 stamp duty calculated for properties on Anna Street?

Stamp duty for properties on Anna Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000.