Guideline Value for Anna Durai Street

Anna Durai Street guideline value

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

How the guideline value of Anna Durai Street has changed

The guideline value for Anna Durai Street has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 216 per sq.ft. This increased to Rs 300 per sq.ft in 2007, representing a 39% increase. By 2017, the value rose dramatically to Rs 1,407 per sq.ft, marking a 369% increase from the 2007 figure. The 2023 revision saw the value rise to Rs 2,099 per sq.ft, which is a 49% increase from 2017.

The most recent 2024 revision set the guideline value at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year. Overall, from 2003 to 2024, the guideline value has increased by 988%. It is important to note that the register has no figures for Anna Durai Street for the years 2002 and 2012.

Guideline values in Anakaputhur

In Anakaputhur, there are a total of 501 streets under the Pammal SRO that carry a 2024 guideline value, 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, placing Anna Durai Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Anna Durai 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, and the registration fee at 2% would be Rs 47,000, making the total cost for stamp duty and registration fees Rs 2,11,500. It is important to note that 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 Durai Street?

The Sub Registrar Office that covers Anna Durai 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 critical factor when buying or selling property in Anakaputhur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is lower than the guideline value, the higher guideline value will be used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Durai Street?

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

How much has the guideline value changed over the years?

The guideline value has increased significantly, from Rs 216 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 988%.

What is the land classification for Anna Durai Street?

Anna Durai Street is classified under Residential Class III Type - I.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Anna Durai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 23,50,000, the stamp duty at 7% would be Rs 1,64,500.