Guideline Value for Anna Highway(5)

Anna Highway(5) guideline value

The current guideline value of Anna Highway(5) 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(5) has changed

The guideline value for Anna Highway(5) has experienced 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, marking a significant rise of 49%. The latest revision in 2024 further increased the value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kavulbazaar

Kavulbazaar village has a total of 44 streets under the Pammal SRO with a guideline value for 2024 ranging from Rs 825 to Rs 4,500 per sq.ft. The median guideline value in the village is Rs 825 per sq.ft, making the current value of Anna Highway(5) above this median.

• Anna Highway(4): Rs 1,100 per sq.ft (2024)
• Anna Highway (3): Rs 1,100 per sq.ft (2024)
• Anna Highway(2): 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(5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total fees together Rs 99,000. 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 Highway(5)?

The Sub Registrar Office covering Anna Highway(5) 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 Kavulbazaar

The guideline value is a crucial factor in the registration process when buying or selling property in Kavulbazaar. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers in making informed decisions during the transaction process. It is essential to refer to the latest revisions to ensure compliance with the current rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Anna Highway(5)?

The current guideline value of Anna Highway(5) 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 increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over these years.

What is the median guideline value in Kavulbazaar?

The median guideline value in Kavulbazaar is Rs 825 per sq.ft, with Anna Highway(5) currently valued above this median.

What are the stamp duty and registration fees for property in Anna Highway(5)?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for properties in Anna Highway(5)?

The Pammal Sub Registrar Office handles registrations for properties in Anna Highway(5), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.