Guideline Value for Anna Durai II nd Cross Street

Anna Durai II nd Cross Street guideline value

The current guideline value of Anna Durai II nd Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Anna Durai II nd Cross Street has changed

The guideline value for Anna Durai II nd Cross Street has seen several revisions over the years. The earliest recorded figure is from 2017, where the value was Rs 1,407 per sq.ft. This increased to Rs 2,099 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 shows a further increase to Rs 2,350 per sq.ft, which is a 12% change from the previous year.

Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 67%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with guideline values effective in 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, making the 2024 figure for Anna Durai II nd Cross Street above this median.

• Anna Durai III rd Cross Street: Rs 2,350 per sq.ft (2024)
• Anna Durai Ist Cross Street: Rs 2,350 per sq.ft (2024)
• Anna Durai IV th Cross Street: Rs 2,350 per sq.ft (2024)
• Anna Durai Street: Rs 2,350 per sq.ft (2024)
• Anna Durai VIth Cross Street: Rs 2,350 per sq.ft (2024)
• Anna Durai V th Cross Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Durai II nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, while the registration fee at 2% would be Rs 47,000, bringing the total cost for these fees to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Durai II nd Cross Street?

The Sub Registrar Office that covers Anna Durai II nd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value is a crucial factor when registering property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the registration office uses the guideline value to assess the appropriate fees, which are calculated based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Durai II nd Cross Street?

The current guideline value of Anna Durai II nd Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of 67%.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,11,500.

Which office handles registrations for Anna Durai II nd Cross Street?

The Pammal Sub Registrar Office is responsible for handling registrations for Anna Durai II nd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Anna Durai II nd Cross Street?

Anna Durai II nd Cross Street is classified as Residential Class III Type - I, which is relevant for determining the applicable guideline value.