Guideline Value for Anna Highway(2)

Anna Highway(2) guideline value

The current guideline value of Anna Highway(2) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kavulbazaar village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Anna Highway(2) has changed

The guideline value for Anna Highway(2) has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was significant at 49%, reflecting a notable change in the guideline value over this period.

Guideline values in Kavulbazaar

Kavulbazaar village has 44 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 825 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Anna Highway(2) above this median at Rs 1,100 per sq.ft.

• Anna Highway(3): Rs 1,100 per sq.ft (2024)
• Anna Highway(4): Rs 1,100 per sq.ft (2024)
• Anna Highway(5): Rs 1,100 per sq.ft (2024)
• Anna Street: Rs 825 per sq.ft (2024)
• Arcot Salai: Rs 1,100 per sq.ft (2024)
• Abdul Kalam Nagar/Vivekanandhar Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Highway(2)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It’s important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on calculating these fees.

Which Sub Registrar Office covers Anna Highway(2)?

The Sub Registrar Office that covers Anna Highway(2) 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 further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Kavulbazaar. It determines the amount of stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to assess the official value of the property, ensuring that the appropriate fees are collected based on this valuation. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Anna Highway(2)?

The current guideline value of Anna Highway(2) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Anna Highway(2)?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000. The stamp duty is Rs 77,000, and the registration fee is Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Anna Highway(2)?

The Pammal Sub Registrar Office handles registrations for Anna Highway(2), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Kavulbazaar?

The median guideline value for streets in Kavulbazaar is Rs 825 per sq.ft, with Anna Highway(2) being above this median at Rs 1,100 per sq.ft.