Guideline Value for Anna 2nd Street

Anna 2nd Street guideline value

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

How the guideline value of Anna 2nd Street has changed

The guideline value of Anna 2nd 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. However, it dropped to Rs 1,005 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 1,500 per sq.ft, and it has now risen to Rs 1,600 per sq.ft in 2024, marking a 7% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 433%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that the guideline value of Anna 2nd Street is below this median.

• Anna 1st 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 2nd 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 amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to 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 the stamp duty and registration fee calculator for more details on fees.

Which Sub Registrar Office covers Anna 2nd Street?

The Sub Registrar Office that covers Anna 2nd Street is 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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value helps in assessing the transaction's legitimacy, as the sale price should not be significantly lower than the guideline value. This process ensures transparency and fairness in property transactions.

Frequently asked questions

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

The current guideline value of Anna 2nd 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 in Anna 2nd Street?

For a 1,000 sq.ft plot, the total guideline value is 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 the registration for Anna 2nd Street?

The Ambattur Sub Registrar Office handles the registration for Anna 2nd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai.

What is the land classification for Anna 2nd Street?

Anna 2nd Street is classified as Residential Class II Type - I, indicating its designation for residential use within the area.