Guideline Value for Anna Main Road

Anna Main Road guideline value

The current guideline value of Anna Main Road in Virugambakkam village is Rs 7,150 per sq.ft, effective from 1 July 2024. This area falls under the Virugambakkam SRO and is classified as Residential Special Type - I.

How the guideline value of Anna Main Road has changed

The guideline value for Anna Main Road has seen several revisions over the years. Starting from Rs 1,410 per sq.ft in 2003, it increased to Rs 1,700 per sq.ft in 2007, marking a 21% rise. The value then surged dramatically to Rs 6,500 per sq.ft in 2012, representing a 282% increase. However, it fell to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The value continued to rise to Rs 6,500 per sq.ft in 2023, and now stands at Rs 7,150 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 407%. It is important to note that the register has no figure for Anna Main Road for the year 2002.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Anna Main Road's 2024 figure above this median.

• Annaji Rao Nagar 3rd Main Road: Rs 3,850 per sq.ft (2024)
• Annamalai Colony: Rs 5,500 per sq.ft (2024)
• Annaji Rao Nagar 2nd Main Road: Rs 3,850 per sq.ft (2024)
• Annaji Rao Nagar 2nd Cross Street: Rs 3,850 per sq.ft (2024)
• Annaji Rao Nagar 1st Main Road: Rs 3,850 per sq.ft (2024)
• Annaji Rao Nagar 1st Cross Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty, calculated at 7%, would be Rs 5,00,500, while the registration fee at 2% would be Rs 1,43,000. Together, these fees would total Rs 6,43,500. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Main Road?

The Sub Registrar Office that covers Anna Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Virugambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Main Road?

The current guideline value of Anna Main Road is Rs 7,150 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 1,410 per sq.ft in 2003 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of 407% over this period.

Where can I find the Virugambakkam Sub Registrar Office?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty and registration fees for property in Anna Main Road?

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500 and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

What is the land classification for Anna Main Road?

Anna Main Road is classified as Residential Special Type - I, indicating its suitability for residential development.