Guideline Value for Anandan Street, Chennai 82

Anandan Street, Chennai 82 guideline value

The current guideline value of Anandan Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anandan Street, Chennai 82 has changed

The guideline value of Anandan Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 233% rise. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a 33% drop. The value then rose again to Rs 4,000 per sq.ft in 2023, and most recently, it increased to Rs 4,400 per sq.ft in 2024, a change of 10%.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%, showcasing significant changes over the years.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, and Anandan Street's 2024 figure is below this median.

• Ananda Vinayagar koil street & 1st, 2nd street: Rs 4,400 per sq.ft (2024)
• Ananda Vinayakar Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Amman Koil Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Ambedkar Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Anjugam Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Annai Anjugam Nagar, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anandan Street, Chennai 82

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value totals Rs 44,00,000. The stamp duty at 7% amounts to Rs 3,08,000, and the registration fee at 2% is Rs 88,000, bringing the total to Rs 3,96,000. 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 Anandan Street, Chennai 82?

The Sub Registrar Office that covers Anandan Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It determines the amount of stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Anandan Street, Chennai 82?

The current guideline value of Anandan Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the land classification for Anandan Street?

Anandan Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for Anandan Street?

The registration office for Anandan Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.