Guideline Value for Anna Street (Min Nagar )

Anna Street (Min Nagar ) guideline value

The current guideline value of Anna Street (Min Nagar), located in Oragadam village, is Rs 1,900 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification and is registered with the Ambattur SRO.

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

The guideline value for Anna Street (Min Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft. The value increased significantly to Rs 1,800 per sq.ft in 2023 and further rose to Rs 1,900 per sq.ft in 2024, marking a 6% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the overall change from 2012 to 2024 shows a slight increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Anna Street (Min Nagar) below this median value.

• Anna Street (Pudur): Rs 1,900 per sq.ft (2024)
• Anna Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Anna Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Anna Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Annibesant Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Annru Street: Rs 1,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty, charged at 7%, would be Rs 1,33,000, while the registration fee at 2% would be Rs 38,000, bringing the total cost to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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

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

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

The guideline value is a crucial factor in property transactions in Oragadam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the guideline value, as it can significantly impact the overall transaction costs and the financial obligations associated with property registration.

Frequently asked questions

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

The current guideline value of Anna Street (Min Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

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

Anna Street (Min Nagar) is classified as Residential Class I Type - I according to the land classification regulations.

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

The Sub Registrar Office for Anna Street (Min 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 property in Anna Street (Min Nagar)?

The stamp duty for property in Anna Street (Min Nagar) is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% based on the same value.