Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street in Minjur village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase from Rs 500 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 335 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, it has risen by 64%. The change from 2023 to 2024 reflects a 10% increase in the guideline value per sq.ft.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the 2024 figure for Anna Street.

• Anvitha Reddy Avenue: Rs 440 per sq.ft (2024)
• Aravind Nagar: Rs 440 per sq.ft (2024)
• Annai Street: Rs 440 per sq.ft (2024)
• Annai Abhirami Nagar: Rs 440 per sq.ft (2024)
• Andal Nagar: Rs 440 per sq.ft (2024)
• Athippattu Railway Station Road: Rs 550 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total fees together Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street?

Anna Street is covered by the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Minjur. It is used to determine the stamp duty and registration fees payable during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value is referenced to ensure that the correct fees are calculated based on the current rates. This ensures transparency and 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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, marking a total increase of 64%. The most recent change from 2023 to 2024 was a 10% increase.

What is the land classification of Anna Street?

Anna Street is classified as Residential Class II Type - I under the Ponneri Sub Registrar Office.

Where can I find the registration office for Anna Street?

The registration office covering Anna Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,50,000, the total fees would include a stamp duty of Rs 38,500 and a registration fee of Rs 11,000.