Guideline Value

Corporate

Guideline Value for Anna Cross Street Ram Nagar

₹2400/sq.ft.

The guideline value for Anna Cross Street Ram Nagar in Oragadam village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Anna Cross Street Ram Nagar

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Anna Cross Street Ram Nagar guideline value

The current guideline value of Anna Cross Street Ram Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Anna Cross Street Ram Nagar has changed

The guideline value for Anna Cross Street Ram Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking a 267% rise. However, between 2012 and 2017, there was a decrease to Rs 1,474 per sq.ft, which represented a 33% decline. The value then rose again to Rs 2,200 per sq.ft in 2023, showing a 49% increase from the previous figure. The latest revision in 2024 set the guideline value at Rs 2,400 per sq.ft, reflecting a 9% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 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 for these streets is Rs 2,200 per sq.ft, placing Anna Cross Street Ram Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Anna Cross Street Ram Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, while the registration fee at 2% would be Rs 48,000. Together, the total cost would be Rs 2,16,000. It is important to note that the 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 Cross Street Ram Nagar?

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. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Oragadam. When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the fees are based on a standardized valuation of the property, which helps maintain transparency in real estate transactions.

During registration, it is essential to note that the stamp duty is charged based on the higher of the guideline value or the sale price. This means that if the sale price of the property is lower than the guideline value, the stamp duty will still be calculated on the guideline value, ensuring the government receives the appropriate revenue from property transactions.

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 significantly over the years, increasing from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, which is an overall increase of 300%.

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

Anna Cross Street Ram Nagar falls under the land classification of Residential Special Type - I.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Anna Cross Street Ram Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anna Cross Street Ram Nagar?

The Sub Registrar Office covering Anna Cross Street Ram Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.