Guideline Value for Anna Cross Street

Anna Cross Street guideline value

The current guideline value of Anna Cross Street, located in Rajakilpakkam village, under the Selaiyur SRO, is Rs 2,400 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Special Type - II.

How the guideline value of Anna Cross Street has changed

Over the years, the guideline value for Anna Cross Street has seen several revisions. In the 2012 revision, the value was Rs 2,200 per sq.ft, which then decreased to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,200 per sq.ft in the 2023 revision and further rose to Rs 2,400 per sq.ft in the 2024 revision.

The changes between these revisions are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 9%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,150 per sq.ft, placing Anna Cross Street's value above this median.

• Anna 2nd Street: Rs 2,400 per sq.ft (2024)
• Anna 1st Street: Rs 2,400 per sq.ft (2024)
• Anjaneyar Koil Sannathy Street South: Rs 1,300 per sq.ft (2024)
• Anjaneyar Koil Sannathy Street North: Rs 1,300 per sq.ft (2024)
• Annai Indira Gandhi Street: Rs 880 per sq.ft (2024)
• Anna Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Cross Street

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

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Cross Street?

Anna Cross Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor during property transactions in Rajakilpakkam. It serves as the basis for calculating stamp duty and registration fees when registering a property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anna Cross Street?

The current guideline value of Anna Cross Street 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 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Anna Cross Street?

Anna Cross Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Anna Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 24,00,000, the stamp duty at 7% would amount to Rs 1,68,000.