Guideline Value for Anna Street (Elango Nagar)

Anna Street (Elango Nagar) guideline value

The current guideline value of Anna Street (Elango Nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Anna Street (Elango Nagar) has changed

The guideline value for Anna Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,600 per sq.ft. This figure remained until the 2017 revision, which saw a decrease of 33% to Rs 1,072 per sq.ft. The value then increased significantly by 49% to Rs 1,600 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 1,700 per sq.ft, marking a 6% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 6%.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, making the 2024 guideline value of Anna Street (Elango Nagar) above the median.

• Anna Street(6th ward): Rs 1,700 per sq.ft (2024)
• Arasigara Street: Rs 1,001 per sq.ft (2024)
• Annamalai Street: Rs 1,000 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,001 per sq.ft (2024)
• Ambattur Annamalai Street: Rs 1,000 per sq.ft (2024)
• Allavantar Street: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street (Elango Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. 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 detailed calculations.

Which Sub Registrar Office covers Anna Street (Elango Nagar)?

The Sub Registrar Office that covers Anna Street (Elango Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Menambedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value helps in establishing the legal value of the property. This value is crucial for both parties to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Anna Street (Elango Nagar)?

The current guideline value of Anna Street (Elango Nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification of Anna Street (Elango Nagar)?

Anna Street (Elango Nagar) is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Anna Street (Elango Nagar)?

The Sub Registrar Office for Anna Street (Elango Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Anna Street (Elango Nagar)?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.