Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street in Ponneri village, under the Ponneri SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Anna Street has changed

In the 2023 revision, the guideline value for Anna Street was Rs 300 per sq.ft. The latest revision in 2024 has seen a significant increase of 133%, bringing the value to Rs 700 per sq.ft. The register has no figures for the revisions from 2002, 2003, 2007, 2012, and 2017.

Comparing the revisions, the jump from Rs 300 in 2023 to Rs 700 in 2024 is notable. This increase reflects the updated valuation process undertaken by the Registration Department.

Guideline values in Ponneri

In Ponneri, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 201 to Rs 1,200 per sq.ft. The median value across these streets is Rs 700 per sq.ft, which aligns with the current guideline value of Anna Street.

• Anugraha Nagar: Rs 800 per sq.ft (2024)
• Arasur Road: Rs 900 per sq.ft (2024)
• Annai Avenue: Rs 700 per sq.ft (2024)
• Angamuthu Mudali Street: Rs 900 per sq.ft (2024)
• Angamuthu Mudali St: Rs 1,200 per sq.ft (2024)
• Atha Thulla Street: Rs 700 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is an essential factor in property transactions in Ponneri, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration regulations.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that all transactions are recorded accurately and fairly within the legal framework.

Frequently asked questions

What is the current guideline value of Anna Street?

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

How much has the guideline value changed recently?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, marking a 133% rise.

What is the land classification of Anna Street?

Anna Street falls under the Residential Class II Type - I land classification.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000 at 7%.