Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street in Manali village, under the Thiruvottiyur SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - III.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has undergone several revisions over the years. In 2002, the guideline value was Rs 175 per sq.ft. This increased to Rs 199 per sq.ft in 2003, marking a 14% rise. The value then saw a significant increase of 101% to reach Rs 400 per sq.ft in 2007. By 2012, the guideline value was Rs 1,400 per sq.ft, reflecting a substantial 250% increase from the previous revision.

In 2017, the guideline value was revised to Rs 938 per sq.ft, which represented a decrease of 33%. The value then increased to Rs 1,400 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,500 per sq.ft, which is a 7% increase from the previous year.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft, with a median value of Rs 1,200 per sq.ft. Anna Street's 2024 figure is above this median.

• Anna Salai / 1st Street & 2nd Street: Rs 1,550 per sq.ft (2024)
• Aringnar Anna Nagar / Cross Street: Rs 1,200 per sq.ft (2024)
• Anbazhagan Street: Rs 1,550 per sq.ft (2024)
• Balaraman Street: Rs 1,500 per sq.ft (2024)
• Aamullai Voyal Street: Rs 1,200 per sq.ft (2024)
• Bharathidasan Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 further calculations.

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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Manali. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to assess the fees based on the higher of the guideline value or the actual sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, showing an overall increase of 757% over the years.

What is the land classification for Anna Street?

Anna Street is classified as Mixed Special Type - III according to the land classification regulations.

How is the stamp duty calculated for property in Anna Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,05,000.

Where is the Sub Registrar Office for Anna Street located?

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