Guideline Value for ANNA STREET

Anna Street guideline value

The current guideline value of Anna Street in Tnagar village, under the Thiyagaraya nagar SRO, is Rs 8,300 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

The guideline value of Anna Street has seen several revisions over the years. In 2012, the value was Rs 7,500 per sq.ft, which decreased to Rs 5,025 per sq.ft in 2017. This marked a decline of 33%. However, the value rebounded significantly to Rs 7,500 per sq.ft in 2023, and then increased to Rs 8,300 per sq.ft in 2024, reflecting an increase of 11% from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 11%.

There are no figures available for Anna Street in the revisions of 2002, 2003, and 2007. The 2023 to 2024 revision shows an increase of 11%, and the 2017 to 2023 revision indicates a substantial rise of 49%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, placing Anna Street's 2024 figure below this median.

• Arcot Road: Rs 14,300 per sq.ft (2024)
• Arcot Street: Rs 14,300 per sq.ft (2024)
• Arulambal Street: Rs 13,200 per sq.ft (2024)
• Annai Sathya Bazaar Street: Rs 11,000 per sq.ft (2024)
• Ananthan Street: Rs 11,000 per sq.ft (2024)
• Amudham Colony: Rs 6,600 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 8,300 per sq.ft, the total guideline value amounts to Rs 83,00,000. The stamp duty, which is charged at 7%, would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000. Together, the total charges would amount to Rs 7,47,000. 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 further calculations.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 8,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,500 per sq.ft in 2012 to Rs 5,025 per sq.ft in 2017, then back to Rs 7,500 per sq.ft in 2023, and finally to Rs 8,300 per sq.ft in 2024.

What are the guideline values of other streets in Tnagar?

Other streets in Tnagar have varying guideline values, with rates ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median is Rs 11,000 per sq.ft, while Anna Street's value is below this median.

What is the stamp duty rate for property in Anna Street?

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

Where is the Sub Registrar Office for Anna Street located?

The Sub Registrar Office for Anna Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.