Guideline Value for Anna Highways(V.L.Puram)

Anna Highways(V.L.Puram) guideline value

The current guideline value for Anna Highways(V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Anna Highways(V.L.Puram) has changed

The guideline value for Anna Highways(V.L.Puram) has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, this figure dropped to Rs 1,474 per sq.ft in 2017. The following revision in 2023 raised the value to Rs 2,200 per sq.ft, and the most recent revision in 2024 has set it at Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 380%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Anna Highways(V.L.Puram) is above this median, reflecting its unique position within the village.

• Anna Highway & Cross street(1ST WARD): Rs 1,600 per sq.ft (2024)
• Anna Cross Street (Ram Nagar) 12th Ward: Rs 2,400 per sq.ft (2024)
• Anna Cross Street Ram Nagar: Rs 2,400 per sq.ft (2024)
• Anna 7th Street: Rs 1,600 per sq.ft (2024)
• Anna 6th Street: Rs 1,600 per sq.ft (2024)
• Anna 5th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Highways(V.L.Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees together to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Highways(V.L.Puram)?

The Sub Registrar Office that covers Anna Highways(V.L.Puram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that all parties are aware of the financial obligations involved.

When a property is sold, the guideline value serves as a benchmark for the transaction value, and the fees are calculated based on this figure or the sale price, whichever is higher. This system helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value for Anna Highways(V.L.Puram)?

The current guideline value for Anna Highways(V.L.Puram) is Rs 2,400 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 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 380% over this period.

What are the stamp duty rates for property transactions in Anna Highways(V.L.Puram)?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Anna Highways(V.L.Puram)?

The Ambattur Sub Registrar Office covers Anna Highways(V.L.Puram) and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Anna Highways(V.L.Puram)?

Anna Highways(V.L.Puram) is classified as Residential Special Type - I, which indicates its suitability for residential development.