Guideline Value for Anna 7th Street

Anna 7th Street guideline value

The current guideline value of Anna 7th Street in Oragadam village, under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Anna 7th Street has changed

The guideline value of Anna 7th Street has undergone several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in the 2017 revision. The value then rose to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 marked an increase to Rs 1,600 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2007 to 2024, the overall change in the guideline value is +433%. Notably, the increase from 2023 to 2024 is +7%, while the rise from 2017 to 2023 is +49%. The value saw a remarkable increase of +400% from 2007 to 2012, followed by a decrease of -33% from 2012 to 2017.

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 7th Street is below this median.

• Anna 6th Street: Rs 1,600 per sq.ft (2024)
• Anna 5th 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 7th 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 is charged at 7%, which totals Rs 1,12,000, and the registration fee at 2% amounts to Rs 32,000. Together, the total fees would be 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna 7th Street?

The Sub Registrar Office that covers Anna 7th 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 when registering property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is used by the government to assess taxes and fees. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Anna 7th Street?

The current guideline value of Anna 7th 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 7th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,44,000.

Which Sub Registrar Office covers Anna 7th Street?

The Ambattur Sub Registrar Office covers Anna 7th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Anna 7th Street?

Anna 7th Street is classified as Residential Class II Type - I, which is significant for understanding zoning and property use regulations.