Guideline Value for Anna Main Road

Anna Main Road guideline value

The current guideline value of Anna Main Road in Vengambakkam village, under the Tambaram Joint 1 SRO, is Rs 1,160 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Anna Main Road has changed

The guideline value for Anna Main Road has seen several revisions over the years. In 2012, the value was Rs 700 per sq.ft, which decreased to Rs 469 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 124%, bringing the value up to Rs 1,050 per sq.ft. The latest revision in 2024 saw another increase of 10%, resulting in the current value of Rs 1,160 per sq.ft.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 66%.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Anna Main Road's 2024 figure above this median.

• Anna Main Road (Cross Street): Rs 550 per sq.ft (2024)
• Anna Main Road (Vengampakkam colony): Rs 440 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,160 per sq.ft, the total guideline value amounts to Rs 11,60,000. The stamp duty at 7% would be Rs 81,200, and the registration fee at 2% would be Rs 23,200, totaling Rs 1,04,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Main Road?

The Sub Registrar Office that covers Anna Main Road is 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 the registration process of property transactions in Vengambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these fees are based on the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum value at which a property can be registered. This ensures transparency and fairness in property transactions, as it provides a standardized valuation across different properties in the region.

Frequently asked questions

What is the current guideline value of Anna Main Road?

The current guideline value of Anna Main Road is Rs 1,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 1,050 per sq.ft in 2023, and finally to Rs 1,160 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on Anna Main Road?

For a property valued at Rs 11,60,000, the stamp duty would be Rs 81,200, and the registration fee would be Rs 23,200, totaling Rs 1,04,400.

Which Sub Registrar Office is responsible for Anna Main Road?

The Tambaram Joint 1 Sub Registrar Office is responsible for Anna Main Road, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What does the guideline value indicate?

The guideline value indicates the official valuation of property in a specific area, which is used to calculate stamp duty and registration fees during property transactions.