Guideline Value for Anna 2nd Street

Anna 2nd Street guideline value

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

How the guideline value of Anna 2nd Street has changed

The guideline value for Anna 2nd Street has undergone several revisions over the years. In 2012, the value was set at Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in 2017. This was a decline of 33%. However, the value saw a significant increase to Rs 2,200 per sq.ft in 2023, followed by a further rise to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 9%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median value is Rs 2,150 per sq.ft, placing Anna 2nd Street's 2024 figure above this median.

• Anna 1st Street: Rs 2,400 per sq.ft (2024)
• Anna Cross Street: Rs 2,400 per sq.ft (2024)
• Anjaneyar Koil Sannathy Street South: Rs 1,300 per sq.ft (2024)
• Anjaneyar Koil Sannathy Street North: Rs 1,300 per sq.ft (2024)
• Annai Indira Gandhi Street: Rs 880 per sq.ft (2024)
• Anna Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anna 2nd Street

For a 1,000 sq.ft plot 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, and the registration fee at 2% would be Rs 48,000, making the total fees together Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna 2nd Street?

The Sub Registrar Office covering Anna 2nd 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when buying or selling property in Rajakilpakkam, as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating the taxes due. It is essential for both parties to understand that the duty is charged on the higher of the guideline value or the sale price, ensuring that the correct amount is paid at registration.

Frequently asked questions

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

The current guideline value of Anna 2nd 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 currently stands at Rs 2,400 per sq.ft in 2024.

What is the land classification of Anna 2nd Street?

Anna 2nd Street is classified as Residential Special Type - II.

Where can I find the Selaiyur Sub Registrar Office?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 24,00,000, the stamp duty at 7% would be Rs 1,68,000.