Guideline Value for Anna 4th Street (N.P)

Anna 4th Street (N.P) guideline value

The current guideline value of Anna 4th Street (N.P) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class IV Type - III.

How the guideline value of Anna 4th Street (N.P) has changed

Over the years, the guideline value of Anna 4th Street (N.P) has seen several revisions. The 2007 revision set the value at Rs 620 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 1,675 per sq.ft. The 2023 revision raised it to Rs 2,500 per sq.ft, and the most recent revision in 2024 has increased it further to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

In summary, the guideline value has changed from Rs 620 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 335%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Anna 4th Street (N.P)'s 2024 figure below that median.

• Anjugam Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Anjugam Nagar Main Road: Rs 5,500 per sq.ft (2024)
• Anjugam Nagar 4th Street: Rs 5,500 per sq.ft (2024)
• Anjugam Nagar 4th Cross Street (JPT): Rs 5,500 per sq.ft (2024)
• Anjugam Nagar 3rd Street: Rs 5,500 per sq.ft (2024)
• Anjugam Nagar 2nd Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Anna 4th Street (N.P)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration would be Rs 2,43,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna 4th Street (N.P)?

The Sub Registrar Office covering Anna 4th Street (N.P) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kodambakkam. It serves as a benchmark for calculating the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to accurately assess the costs involved in property transactions.

When registering a property, the guideline value helps determine the official value of the property, which is essential for legal documentation. This ensures that all parties involved in the transaction are aware of the value being recognized by the government for taxation purposes.

Frequently asked questions

What is the current guideline value of Anna 4th Street (N.P)?

The current guideline value of Anna 4th Street (N.P) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 620 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, with various revisions in between, including an increase of 8% from 2023 to 2024.

What is the land classification of Anna 4th Street (N.P)?

Anna 4th Street (N.P) is classified as Residential Class IV Type - III.

Where can I find the Sub Registrar Office for Anna 4th Street (N.P)?

The Sub Registrar Office for Anna 4th Street (N.P) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Anna 4th Street (N.P)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.