Guideline Value for Anna Cross Street (Ram Nagar) 12th Ward

Anna Cross Street (Ram Nagar) 12th Ward guideline value

The current guideline value of Anna Cross Street (Ram Nagar) in the 12th Ward of Oragadam village is Rs 2,400 per sq.ft, effective from 1 July 2024. This area falls under the Ambattur SRO and is classified as Residential Special Type - I.

How the guideline value of Anna Cross Street (Ram Nagar) 12th Ward has changed

The guideline value has undergone several revisions since 2007. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, it saw a decrease to Rs 1,474 per sq.ft in 2017. The value then rose to Rs 2,200 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 2,400 per sq.ft. This marks a change of +9% from 2023 to 2024, +49% from 2017 to 2023, -33% from 2012 to 2017, and a substantial +267% from 2007 to 2012.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by +300%.

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. The median value is Rs 2,200 per sq.ft, positioning Anna Cross Street (Ram Nagar) above this median with its current rate of Rs 2,400 per sq.ft.

• Anna Cross Street Ram Nagar: Rs 2,400 per sq.ft (2024)
• Anna Highway & Cross street(1ST WARD): Rs 1,600 per sq.ft (2024)
• Anna Highways(V.L.Puram): Rs 2,400 per sq.ft (2024)
• Anna 7th Street: Rs 1,600 per sq.ft (2024)
• Anna 6th Street: Rs 1,600 per sq.ft (2024)
• Anna 5th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Cross Street (Ram Nagar) 12th Ward

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. 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 detailed calculations.

Which Sub Registrar Office covers Anna Cross Street (Ram Nagar) 12th Ward?

The Sub Registrar Office that covers Anna Cross Street (Ram Nagar) 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 further assistance.

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 need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Anna Cross Street (Ram Nagar)?

The current guideline value of Anna Cross Street (Ram Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of +300% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which office handles property registrations in this area?

The Ambattur Sub Registrar Office is responsible for handling property registrations for Anna Cross Street (Ram Nagar).

What is the land classification for Anna Cross Street (Ram Nagar)?

Anna Cross Street (Ram Nagar) is classified as Residential Special Type - I under the guideline value register.