Guideline Value for Anna 1st Street

Anna 1st Street guideline value

The current guideline value of Anna 1st Street in Oragadam village, under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

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 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The value then rose substantially to Rs 1,500 per sq.ft in 2023, and further increased to the current rate of Rs 1,600 per sq.ft in 2024, reflecting a 7% increase.

The revisions for the years 2002 and 2003 do not have figures available for Anna 1st Street. Overall, from 2007 to 2024, the guideline value has increased by 433%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that the 2024 figure for Anna 1st Street is below this median.

• Anna 2nd Street: Rs 1,600 per sq.ft (2024)
• Anna 3rd Street: Rs 1,600 per sq.ft (2024)
• Anna 4th Street: Rs 1,600 per sq.ft (2024)
• Anna 5th Street: Rs 1,600 per sq.ft (2024)
• Anna 6th Street: Rs 1,600 per sq.ft (2024)
• Anna 7th 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, leading to a combined total of Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Anna 1st Street?

The Anna 1st Street falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Oragadam, the guideline value is a critical factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Both buyers and sellers must be aware that the guideline value is used to calculate the applicable charges, ensuring compliance with legal requirements during property transactions.

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 300 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 433% over the years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles registrations for Anna 1st Street?

The Ambattur Sub Registrar Office handles registrations for Anna 1st Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What is the land classification for Anna 1st Street?

Anna 1st Street is classified as Residential Class II Type - I, indicating its suitability for residential developments.