Guideline Value for Anna Colony Street

Anna Colony Street guideline value

The current guideline value of Anna Colony Street is Rs 110 per sq.ft, effective from 1 July 2024. This street is located in Sothupuruampedu village and falls under the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anna Colony Street has changed

The guideline value for Anna Colony Street has seen several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, it then decreased to Rs 67 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 100 per sq.ft, and the most recent revision in 2024 set it at Rs 110 per sq.ft.

Between these revisions, the changes were significant. From 2007 to 2012, there was a 100% increase, followed by a 33% decrease from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, a 10% increase was observed from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 120%.

Guideline values in Sothupuruampedu

In Sothupuruampedu, there are 15 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 110 to Rs 500 per sq.ft, with a median value of Rs 220 per sq.ft. Anna Colony Street's 2024 figure of Rs 110 per sq.ft is below this median.

• Allimedu Colony Street: Rs 110 per sq.ft (2024)
• Chakkilipalayam Street: Rs 110 per sq.ft (2024)
• Church Colony: Rs 110 per sq.ft (2024)
• Kammaavarpalayam Street: Rs 220 per sq.ft (2024)
• Krishna Nagar: Rs 330 per sq.ft (2024)
• KRISHNA NAGAR Extension: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Colony Street

For a 1,000 sq.ft plot at the current rate of Rs 110 per sq.ft, the guideline value amounts to Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, totaling Rs 9,900. 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 more details.

Which Sub Registrar Office covers Anna Colony Street?

The Sub Registrar Office that covers Anna Colony Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Sothupuruampedu. 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 buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Anna Colony Street?

The current guideline value of Anna Colony Street is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 110 per sq.ft in 2024, marking a total increase of 120% over the years.

What are the stamp duty and registration fees for properties in Anna Colony Street?

The stamp duty is 7%, and the registration fee is 2%. For a property valued at Rs 1,10,000, the total fees would amount to Rs 9,900.

Which office handles registrations for Anna Colony Street?

The Redhills Sub Registrar Office handles registrations for Anna Colony Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value?

The guideline value is used to determine the minimum value for property registration and affects the stamp duty and registration fees payable during a transaction.