Guideline Value for Anna 3rd Street

Anna 3rd Street guideline value

The current guideline value of Anna 3rd 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 3rd Street has changed

The guideline value for Anna 3rd 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 then decreased to Rs 1,005 per sq.ft in 2017. The value continued to rise, reaching Rs 1,500 per sq.ft in 2023, and finally, it is now Rs 1,600 per sq.ft as of the 2024 revision.

From 2017 to 2023, the increase was 49%, while the jump from 2023 to 2024 is 7%. The overall increase from 2007 to 2024 is a substantial 433%. It is important to note that the register has no figures for the years 2002 and 2003 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 value for these streets is Rs 2,200 per sq.ft, indicating that Anna 3rd Street's 2024 figure is below that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the 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, totaling Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anna 3rd Street?

The Sub Registrar Office that covers Anna 3rd 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 details.

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

The guideline value is an essential 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 appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Anna 3rd Street?

The current guideline value of Anna 3rd 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, marking an overall increase of 433% over the years.

What is the land classification of Anna 3rd Street?

Anna 3rd Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,44,000.

Which office handles the registration for Anna 3rd Street?

The Ambattur Sub Registrar Office handles the registration for Anna 3rd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.