Guideline Value for Anna Cross Street

Anna Cross Street guideline value

The current guideline value of Anna Cross Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Anna Cross Street has changed

Over the years, the guideline value of Anna Cross Street has seen several revisions. The register shows that in the 2012 revision, the value was Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. The 2023 revision saw an increase to Rs 500 per sq.ft, and further increased to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, the guideline value has increased by 10% from the 2012 revision to the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Agaramthen

Agaramthen village has 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value in this village is Rs 830 per sq.ft, placing Anna Cross Street's 2024 figure below that median.

• Annai Sathiya 1st Main Road: Rs 830 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Main Road: Rs 830 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Main Road: Rs 830 per sq.ft (2024)
• Anna Main Road: Rs 550 per sq.ft (2024)
• Anna Street: Rs 550 per sq.ft (2024)
• Ambethkar Main Road: Rs 550 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 rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Cross Street?

The Sub Registrar Office that covers Anna Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Agaramthen. It serves as a benchmark for calculating the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to determine the applicable fees. It is essential for both parties to be aware of this value to facilitate a smooth transaction process and avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Anna Cross Street?

The current guideline value of Anna Cross Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Anna Cross Street?

Anna Cross Street is classified as Residential Class I Type - III.

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

For a 1,000 sq.ft plot at Rs 550 per sq.ft, the total guideline value is Rs 5,50,000, with stamp duty at Rs 38,500 and registration fees at Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers Anna Cross Street?

The Tambaram Joint 1 Sub Registrar Office covers Anna Cross Street, located at No.26, mes Road, East Tambaram, Chennai-600059.