Guideline Value for Anna 4th Street

Anna 4th Street guideline value

The current guideline value of Anna 4th Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Anna 4th Street has changed

The guideline value for Anna 4th Street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 400%. However, the value then dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The next revision in 2023 set the value at Rs 1,500 per sq.ft, followed by the current value of Rs 1,600 per sq.ft in 2024, which is an increase of 7%. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 433%. The changes reflect the fluctuations in the property market over the years, with significant increases and a notable decrease in the mid-period.

Guideline values in Oragadam

In Oragadam village, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Anna 4th Street is below this 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 4th 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 amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling 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. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna 4th Street?

The Sub Registrar Office that covers Anna 4th 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 plays a crucial role in the registration process when buying or selling property in Oragadam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is documented at a legally recognized value.

When a property is sold, the guideline value is referenced to determine the minimum amount on which the stamp duty is calculated. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Anna 4th Street?

The current guideline value of Anna 4th 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, with various revisions in between, including a drop to Rs 1,005 per sq.ft in 2017.

What is the median guideline value in Oragadam?

The median guideline value in Oragadam is Rs 2,200 per sq.ft, while Anna 4th Street's value is below this median.

What are the stamp duty rates for property in Anna 4th Street?

The stamp duty for property in Anna 4th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Anna 4th Street located?

The Sub Registrar Office for Anna 4th Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.