Guideline Value for Anna 2nd Cross Street

Anna 2nd Cross Street guideline value

The current guideline value of Anna 2nd Cross Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Anna 2nd Cross Street has changed

The guideline value for Anna 2nd Cross Street has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 1,600 per sq.ft, which represents a 7% increase from the previous year, 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which means that Anna 2nd Cross Street's 2024 figure is below that median.

• Anna 2nd Street: Rs 1,600 per sq.ft (2024)
• Anna 1st Street: Rs 1,600 per sq.ft (2024)
• Anna 3rd Cross Street: Rs 1,600 per sq.ft (2024)
• Anna 1st 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 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be 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, making the total cost for these fees 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.

You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anna 2nd Cross Street?

The Sub Registrar Office that covers Anna 2nd Cross Street is 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 more information.

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

The guideline value plays a crucial role in property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which are charged based on the higher of the guideline value or the actual sale price. This ensures that the transaction is recorded accurately and that all necessary fees are collected by the authorities.

Frequently asked questions

What is the current guideline value of Anna 2nd Cross Street?

The current guideline value of Anna 2nd Cross 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 for streets in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft, which is higher than the current guideline value of Anna 2nd Cross Street.

What are the stamp duty and registration fees for a property in Anna 2nd Cross Street?

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.

Where is the Sub Registrar Office for Anna 2nd Cross Street 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.