Guideline Value for Anna 1st Street

Anna 1st Street guideline value

The current guideline value of Anna 1st Street in Madambakkam village is Rs 1,600 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Class II Type - I.

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 value was Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 1,500 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this village is Rs 2,400 per sq.ft, placing Anna 1st Street's 2024 figure below that median.

• Anna 1st Cross Street: Rs 1,600 per sq.ft (2024)
• Anna 2nd Cross Street: Rs 1,600 per sq.ft (2024)
• Anna 2nd Street: Rs 1,600 per sq.ft (2024)
• Anna 3rd Cross Street: Rs 1,600 per sq.ft (2024)
• Anna 3rd Street: Rs 1,600 per sq.ft (2024)
• Anna Durai Street: Rs 1,600 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 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total cost to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Anna 1st Street?

The Anna 1st Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Madambakkam. It is used to calculate the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value serves as a benchmark to ensure that the transaction is recorded at a value that reflects the area’s real estate norms. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

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

The current guideline value of Anna 1st Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft, which is higher than the current guideline value of Anna 1st Street.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000.

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.