Guideline Value for Anna Main Road(Vengampakkam colony)

Anna Main Road(Vengampakkam colony) guideline value

The current guideline value of Anna Main Road(Vengampakkam colony) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vengambakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Anna Main Road(Vengampakkam colony) has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then decreased to Rs 268 per sq.ft in the 2017 revision. The value saw a significant increase in the 2023 revision to Rs 400 per sq.ft, followed by another increase to Rs 440 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft. The median value is Rs 770 per sq.ft, placing Anna Main Road(Vengampakkam colony) below this median.

• Anna Main Road (Cross Street): Rs 550 per sq.ft (2024)
• Anna Main Road: Rs 1,160 per sq.ft (2024)
• Annai Sathiya Street: Rs 550 per sq.ft (2024)
• Anuram Nagar: Rs 3,300 per sq.ft (2024)
• Avvaiyar Street: Rs 550 per sq.ft (2024)
• A.K.B. Green Fields: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Main Road(Vengampakkam colony)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Main Road(Vengampakkam colony)?

The Anna Main Road(Vengampakkam colony) is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Vengambakkam

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating property prices to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Anna Main Road(Vengampakkam colony)?

The current guideline value of Anna Main Road(Vengampakkam colony) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Anna Main Road(Vengampakkam colony)?

Anna Main Road(Vengampakkam colony) is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles the registration for Anna Main Road(Vengampakkam colony)?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Anna Main Road(Vengampakkam colony), located at No.26, Mes Road, East Tambaram, Chennai-600059.