Guideline Value for ANNA Street

ANNA Street guideline value

The current guideline value of ANNA Street in Nanmangalam village, under the Pallavaram SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Mixed Type - II land classification.

How the guideline value of ANNA Street has changed

The guideline value of ANNA Street has undergone several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which saw a significant increase to Rs 3,000 per sq.ft in 2012, marking a remarkable rise of 900%. However, the value decreased to Rs 2,010 per sq.ft in 2017, reflecting a decline of 33%. The value then increased dramatically to Rs 3,000 per sq.ft in 2023, before reaching the current rate of Rs 3,300 per sq.ft in 2024, an increase of 10% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for ANNA Street. Overall, from 2007 to 2024, the guideline value has increased by 1000%, showcasing significant changes over the years.

Guideline values in Nanmangalam

In Nanmangalam, there are 139 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median value is Rs 2,750 per sq.ft, and ANNA Street's 2024 figure of Rs 3,300 per sq.ft is above this median.

• Arul Murugan Nandavanam Nagar: Rs 2,750 per sq.ft (2024)
• Anna Cross Street: Rs 1,960 per sq.ft (2024)
• Arunodhayam Nagar: Rs 2,750 per sq.ft (2024)
• Ananthpadmanabhan Avenue: Rs 3,300 per sq.ft (2024)
• Avia Enclave(Balakrishnan Street): Rs 2,750 per sq.ft (2024)
• Avvai Nagar: Rs 3,850 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers ANNA Street?

The Sub Registrar Office that covers ANNA Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Nanmangalam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established values in the area.

Frequently asked questions

What is the current guideline value of ANNA Street?

The current guideline value of ANNA Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1000%.

What is the median guideline value in Nanmangalam?

The median guideline value in Nanmangalam is Rs 2,750 per sq.ft, with ANNA Street's value being above this median.

Where can I find the Sub Registrar Office for ANNA Street?

The Sub Registrar Office for ANNA Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.