Guideline Value for Anna 6th Street

Anna 6th Street guideline value

The current guideline value of Anna 6th Street in Oragadam village is Rs 1,600 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Anna 6th Street has changed

The guideline value for Anna 6th Street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, this figure saw a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision brought the value up to Rs 1,500 per sq.ft, and the most recent revision in 2024 set it at Rs 1,600 per sq.ft. The register has no figure for this street in 2002 and 2003.

In terms of percentage changes, the value increased by 400% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a significant increase of 49% from 2017 to 2023. The jump from 2023 to 2024 is 7%, resulting in an overall increase of 433% from 2007 to 2024.

Guideline values in Oragadam

In Oragadam, 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 6th Street is below this median.

• Anna 5th Street: Rs 1,600 per sq.ft (2024)
• Anna 7th Street: Rs 1,600 per sq.ft (2024)
• Anna 4th Street: Rs 1,600 per sq.ft (2024)
• Anna 3rd Street: Rs 1,600 per sq.ft (2024)
• Anna 2nd Street: Rs 1,600 per sq.ft (2024)
• Anna Cross Street Ram Nagar: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anna 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to 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, making the total cost 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 our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Anna 6th Street?

The Sub Registrar Office that covers Anna 6th 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 a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring transparency and fairness in property dealings.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Anna 6th Street?

The current guideline value of Anna 6th 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 significantly, starting from Rs 300 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, representing an overall increase of 433%.

What is the land classification for Anna 6th Street?

Anna 6th Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Which office handles registrations for Anna 6th Street?

The Ambattur Sub Registrar Office handles registrations for Anna 6th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Anna 6th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would amount to Rs 1,12,000.