Guideline Value for Anna Colony

Anna Colony guideline value

The current guideline value of Anna Colony, located in Satthankadu village under the Thiruvottiyur SRO, is Rs 3,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Anna Colony has changed

The guideline value for Anna Colony has seen several revisions over the years. In 2002, the value was Rs 248 per sq.ft, which increased to Rs 288 per sq.ft in 2003, marking a 16% rise. The value then rose significantly to Rs 500 per sq.ft in 2007, reflecting a 74% increase. Following that, the value surged to Rs 3,100 per sq.ft in 2012, which was a substantial 520% increase from the previous revision. However, it then decreased to Rs 2,077 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value experienced a significant increase of 49%, reaching Rs 3,100 per sq.ft. The latest revision in 2024 has set the value at Rs 3,400 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1271%.

Guideline values in Satthankadu

In Satthankadu village, there are 71 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,400 per sq.ft, which is equal to the guideline value of Anna Colony.

• Annammal Colony: Rs 3,400 per sq.ft (2024)
• Ambal Street: Rs 3,400 per sq.ft (2024)
• Arignar Anna Nagar: Rs 3,400 per sq.ft (2024)
• Ayyapillai Thotta Street: Rs 3,400 per sq.ft (2024)
• Balakrishna Naidu Colony: Rs 3,400 per sq.ft (2024)
• Basin Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total cost to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Colony?

The Sub Registrar Office that covers Anna Colony is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Satthankadu. It determines the minimum value at which properties can be registered, ensuring that the transaction is conducted at a value recognized by the government.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, which ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Colony?

The current guideline value of Anna Colony is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 248 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 1271% over the years.

What are the other streets in Satthankadu with similar guideline values?

Other streets in Satthankadu, such as Annammal Colony, Ambal Street, Arignar Anna Nagar, Ayyapillai Thotta Street, and Balakrishna Naidu Colony, also have a guideline value of Rs 3,400 per sq.ft in 2024.

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

For a property valued at Rs 34,00,000 in Anna Colony, the stamp duty would be Rs 2,38,000, and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Which office handles the registration for Anna Colony?

The Thiruvottiyur Sub Registrar Office is responsible for handling registrations in Anna Colony, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.