Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street in Chinnasekkadu village, under the Thiruvottiyur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Anna Street has changed

The guideline value of Anna Street has seen several revisions over the years. In 2002, the value was Rs 157 per sq.ft, which increased to Rs 182 per sq.ft in 2003. Following that, the value rose significantly to Rs 500 per sq.ft in 2007, and then to Rs 1,200 per sq.ft in 2012. However, it dropped to Rs 804 per sq.ft in 2017 before climbing to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,300 per sq.ft in 2024. There are no figures available for the years not mentioned in the register for this street.

Between the revisions, notable changes include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and a significant 140% increase from 2007 to 2012. Overall, from 2002 to 2024, the guideline value has increased by 728%.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Anna Street's 2024 figure of Rs 1,300 per sq.ft is above this median.

• Appa Raji Naidu Street / Appa Raji Street: Rs 1,001 per sq.ft (2024)
• Asiriyar Thangaraj Street: Rs 1,300 per sq.ft (2024)
• A.V.P. Aasaithambi Street: Rs 1,001 per sq.ft (2024)
• Balji Palayam: Rs 1,001 per sq.ft (2024)
• Bharathi Dasan Street: Rs 1,001 per sq.ft (2024)
• Chandramman Koil Street: Rs 1,300 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 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, making a total of Rs 1,17,000. 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 more details.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chinnasekkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale or purchase.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. 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 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 157 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 728% over this period.

What is the land classification of Anna Street?

Anna Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in Anna Street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.