Guideline Value for Anna Street 2nd Street( Main Road)

Anna Street 2nd Street( Main Road) guideline value

The current guideline value of Anna Street 2nd Street (Main Road) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village and falls under the Alandur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Anna Street 2nd Street( Main Road) has changed

The guideline value for Anna Street 2nd Street (Main Road) has seen several revisions over the years. In 2002, the guideline value was Rs 172 per sq.ft, which increased to Rs 193 per sq.ft in 2003, marking a change of +12%. The value then surged significantly to Rs 1,000 per sq.ft in 2007, reflecting a remarkable increase of +418%. Following this, the value doubled to Rs 2,000 per sq.ft in 2012, resulting in a +100% change. However, from 2012 to 2017, the guideline value decreased to Rs 1,340 per sq.ft, showing a decline of -33%. The value rose again to Rs 2,000 per sq.ft in 2023, and most recently, it has increased to Rs 2,200 per sq.ft in 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +1179%. The register has no figure for this street in the years not mentioned above.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,800 per sq.ft, placing Anna Street 2nd Street (Main Road) below this median.

• Anna Street: Rs 2,200 per sq.ft (2024)
• Annamalai Street: Rs 2,800 per sq.ft (2024)
• Arul Jothi Street: Rs 2,800 per sq.ft (2024)
• Avvai Street: Rs 2,200 per sq.ft (2024)
• Amman Nagar Main: Rs 2,800 per sq.ft (2024)
• Amman Nagar 1st Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street 2nd Street( Main Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total costs together to Rs 1,98,000. It is important to note that the 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 Street 2nd Street( Main Road)?

The Sub Registrar Office that covers Anna Street 2nd Street (Main Road) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a value that reflects the current market conditions. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Anna Street 2nd Street (Main Road)?

The current guideline value of Anna Street 2nd Street (Main Road) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 172 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +1179% across the years.

What is the stamp duty rate for property in Anna Street 2nd Street (Main Road)?

The stamp duty rate for property in Anna Street 2nd Street (Main Road) is 7% of the guideline value or the sale price, whichever is higher.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value in Ullagaram?

The median guideline value in Ullagaram is Rs 2,800 per sq.ft, which is higher than the current guideline value of Anna Street 2nd Street (Main Road).