Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street, located in Sholinganallur - 1 village, is Rs 2,800 per sq.ft, effective from 1 July 2024. This area falls under the Neelankarai 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 several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. This figure increased significantly to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the guideline value to Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from the 2017 revision to the current 2024 value, there has been a 67% increase. It is important to note that the register has no figures for Anna Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that Anna Street's current value is above this median.

• Anna Street 1st Cross Street: Rs 2,800 per sq.ft (2024)
• Anna Street, Deavaraj Joint Salai: Rs 2,800 per sq.ft (2024)
• Aparna Thottam: Rs 1,700 per sq.ft (2024)
• A.Raja Street(Grama Nedunchalai 25th Cross Street): Rs 2,200 per sq.ft (2024)
• Aravindar Street: Rs 1,700 per sq.ft (2024)
• Arumugam Street (Grama Nedunchalai 5th Cross Street): 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 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty is calculated at 7%, resulting in Rs 1,96,000, while the registration fee at 2% totals Rs 56,000. Together, the total fees would amount to Rs 2,52,000. It is important to note that the 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 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 further assistance.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a critical factor in property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process reflects the current market conditions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are essential components of the transaction costs. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,800 per sq.ft in 2024, representing a 67% increase overall.

What are the stamp duty rates for property in Anna Street?

The stamp duty for property in Anna Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Anna Street?

The Neelankarai Sub Registrar Office handles property registrations for Anna Street, located at 2/71, Gajura Garden, East Coast Road, Neelangarai, Chennai.

Are there other streets with the same guideline value in Sholinganallur - 1?

Yes, there are other streets in Sholinganallur - 1, such as Anna Street 1st Cross Street and Anna Street, Deavaraj Joint Salai, both with a guideline value of Rs 2,800 per sq.ft in 2024.