Guideline Value for Anna Street (Ram Nagar)

Anna Street (Ram Nagar) guideline value

The current guideline value of Anna Street (Ram Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and is classified as Residential Special Type - I.

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

Over the years, the guideline value for Anna Street (Ram Nagar) has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,474 per sq.ft. The 2023 revision then increased the value to Rs 2,200 per sq.ft, followed by a further increase to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% rise from the previous year.

In summary, the guideline value has increased by 49% from 2017 to 2023, and overall, from 2012 to 2024, it has increased by 9%. 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 that carry a 2024 guideline value, 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, making Anna Street (Ram Nagar) above that median with its value of Rs 2,400 per sq.ft.

• Anna Street (Pudur): Rs 1,900 per sq.ft (2024)
• Anna Street (Min Nagar): Rs 1,900 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 (Ram Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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

Anna Street (Ram Nagar) falls under the jurisdiction of 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 Oragadam

The guideline value is a critical factor when buying or selling property in Oragadam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property transaction occurs, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Anna Street (Ram Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024, representing a 9% increase. It also increased by 49% from Rs 1,474 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2023.

What is the land classification for Anna Street (Ram Nagar)?

Anna Street (Ram Nagar) is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Anna Street (Ram Nagar)?

The registration office for Anna Street (Ram 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 stamp duty calculated for properties in Anna Street (Ram Nagar)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at a rate of 7%.