Guideline Value for Anna Road

Anna Road guideline value

The current guideline value of Anna Road in Saligramam village, under the Virugambakkam SRO, is Rs 6,600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Anna Road has changed

The guideline value for Anna Road has seen several revisions over the years. Starting with Rs 484 per sq.ft in 2002, it increased to Rs 529 per sq.ft in 2003. Following this, the value rose significantly to Rs 850 per sq.ft in 2007, marking an increase of 61%. The guideline value then surged to Rs 6,000 per sq.ft in 2012, reflecting a remarkable increase of 606%. However, it dropped to Rs 4,020 per sq.ft in 2017, which was a decrease of 33%. The value then climbed to Rs 6,000 per sq.ft in 2023, and finally, it reached Rs 6,600 per sq.ft in the 2024 revision, showing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,264%. Notably, there are no figures available for the revisions in the years not mentioned in the register.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Anna Road's 2024 figure above this median.

• Arcot Road: Rs 13,200 per sq.ft (2024)
• Arunachalam Road (Main): Rs 7,690 per sq.ft (2024)
• A.V.M.Nagar: Rs 4,950 per sq.ft (2024)
• A.V.M Street: Rs 4,400 per sq.ft (2024)
• Amman Koil Street: Rs 5,500 per sq.ft (2024)
• Ameethiya Thottam 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, together totaling Rs 5,94,000. It is 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.

Which Sub Registrar Office covers Anna Road?

The Sub Registrar Office that covers Anna Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Saligramam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the taxes collected are based on a standardized value set by the authorities.

It is essential for buyers and sellers to be aware of the current guideline value when engaging in property transactions, as it influences the overall costs involved. This helps in ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Anna Road?

The current guideline value of Anna Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 484 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 1,264% over the years.

What are the other streets in Saligramam with their guideline values?

Other streets in Saligramam include Arcot Road at Rs 13,200 per sq.ft, Arunachalam Road (Main) at Rs 7,690 per sq.ft, and A.V.M.Nagar at Rs 4,950 per sq.ft, among others.

How is the stamp duty calculated for properties on Anna Road?

The stamp duty for properties on Anna Road is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft property, the total stamp duty and registration fee would be Rs 5,94,000.

Where can I find the Sub Registrar Office for Anna Road?

The Sub Registrar Office covering Anna Road is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find more details online.