Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Rajakilpakkam village is Rs 2,400 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Anna Street has changed

Over the years, the guideline value of Anna Street has undergone several revisions. The earliest recorded figure is from 2012, which was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. The guideline value then increased to Rs 2,200 per sq.ft in 2023, before rising again to the current value of Rs 2,400 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 49%. The transition from 2023 to 2024 saw a rise of 9%. Overall, from 2012 to 2024, the guideline value has increased by 9% despite the drop in 2017.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that have a guideline value for 2024, with values ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 2,150 per sq.ft, making Anna Street's current value of Rs 2,400 per sq.ft higher than the median.

• Appar Street: Rs 2,150 per sq.ft (2024)
• Arish Avenue: Rs 1,300 per sq.ft (2024)
• Arul Neri Nagar: Rs 1,900 per sq.ft (2024)
• Arul Neri Nagar Extension: Rs 1,900 per sq.ft (2024)
• Arul Neri Nagar Main Road: Rs 1,900 per sq.ft (2024)
• Annai Indira Gandhi Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street

For a 1,000 sq.ft plot on Anna Street at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, bringing the total fees together to Rs 2,16,000. 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?

Anna Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.

To find more details, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is taken into account for calculating the applicable fees. This ensures transparency and fairness in property transactions within the area.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of Anna Street?

Anna Street is classified as Residential Special Type - II under the Selaiyur SRO.

What are the stamp duty and registration fees for Anna Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,16,000, based on the guideline value of Rs 24,00,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.