Guideline Value for Anna Street (Block 87) (W.M)

Anna Street (Block 87) (W.M) guideline value

The current guideline value of Anna Street (Block 87) (W.M) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Anna Street (Block 87) (W.M) has changed

Over the years, the guideline value of Anna Street has seen several revisions. The 2007 revision set the value at Rs 1,210 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, the value then dropped to Rs 3,350 per sq.ft in 2017, marking a decrease of 33%. The subsequent revision in 2023 brought the guideline value back up to Rs 5,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 5,500 per sq.ft, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 355%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value of Anna Street (Block 87) (W.M) is above this median.

• Anna Veedhi 1st Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Anna Veedhi 2nd Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 3rd Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 4th Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi 5th Street: Rs 3,300 per sq.ft (2024)
• Anna Veedhi Main Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street (Block 87) (W.M)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Anna Street (Block 87) (W.M)?

The Sub Registrar Office that covers Anna Street (Block 87) (W.M) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on either the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the financial obligations involved in the transaction. Ensuring compliance with the guideline value helps in a smooth registration process at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Anna Street (Block 87) (W.M)?

The current guideline value of Anna Street (Block 87) (W.M) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,210 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 355% over the years.

What is the land classification of Anna Street (Block 87) (W.M)?

Anna Street (Block 87) (W.M) is classified as Residential Class III Type - I.

What is the registration office for Anna Street (Block 87) (W.M)?

The registration office for Anna Street (Block 87) (W.M) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Anna Street (Block 87) (W.M)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a stamp duty of Rs 3,85,000.