Guideline Value for Anna 1st Street

Anna 1st Street guideline value

The current guideline value of Anna 1st Street in Peerklankaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Anna 1st Street has changed

The guideline value for Anna 1st Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft. This value remained unchanged until 2017 when it dropped to Rs 804 per sq.ft. From 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Anna 1st Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Anna 1st Street's 2024 figure below this median.

• Anna 2nd Street: Rs 1,320 per sq.ft (2024)
• Annai Indira Nagar: Rs 2,200 per sq.ft (2024)
• Annai therasa Street I: Rs 1,100 per sq.ft (2024)
• Annai therasa Street II: Rs 1,100 per sq.ft (2024)
• Annai Theresa 3rd Street: Rs 1,100 per sq.ft (2024)
• Amutham Nagar Ext: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Anna 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. Please 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 1st Street?

The Sub Registrar Office that covers Anna 1st Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The guideline value ensures that the property is assessed fairly based on the prevailing rates in the area.

When a buyer and seller agree on a sale price, the higher of the guideline value and the sale price is used as the basis for calculating the stamp duty and registration fees. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Anna 1st Street?

The current guideline value of Anna 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value in Peerklankaranai?

The median guideline value for streets in Peerklankaranai is Rs 1,650 per sq.ft, with Anna 1st Street's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Anna 1st Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Anna 1st Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Anna 1st Street, located at No.26, mes Road, East Tambaram, Chennai-600059.