Guideline Value for ANNA ST

Anna St guideline value

The current guideline value of Anna St in Srikaligapuram village, under the Ramakrishna Rajupettai SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Anna St has changed

Over the years, the guideline value of Anna St has seen several revisions. The earliest recorded revision was in 2007, with a guideline value of Rs 40 per sq.ft. This increased to Rs 75 per sq.ft in 2012, marking a rise of 88%. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 50 per sq.ft. The value then saw a significant increase of 200% from 2017 to 2023, reaching Rs 150 per sq.ft. The guideline value remained unchanged at Rs 150 per sq.ft from 2023 to 2024.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 275%.

Guideline values in Srikaligapuram

In Srikaligapuram, there are 17 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 150 per sq.ft, with a median also at Rs 150 per sq.ft. Anna St's 2024 figure aligns with this median.

• Big Street: Rs 150 per sq.ft (2024)
• Gandehi St: Rs 150 per sq.ft (2024)
• Indra Nagar: Rs 150 per sq.ft (2024)
• Kamarajar St: Rs 150 per sq.ft (2024)
• Kirubanantha Variyar St: Rs 150 per sq.ft (2024)
• Madam St: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Anna St

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. 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 St?

The Sub Registrar Office that covers Anna St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for further assistance.

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

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

When a property is sold, 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 the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anna St?

The current guideline value of Anna St is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, reflecting a total increase of 275% over the years.

What is the land classification for Anna St?

Anna St is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where is the Ramakrishna Rajupettai SRO located?

The Ramakrishna Rajupettai Sub Registrar Office is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is stamp duty calculated for properties in Anna St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 1,50,000 would incur a stamp duty of Rs 10,500 at 7%.