Guideline Value for Anna Street (V.L.Puram)

Anna Street (V.L.Puram) guideline value

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

How the guideline value of Anna Street (V.L.Puram) has changed

The guideline value for Anna Street (V.L.Puram) has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017, marking a 33% decline. The value then increased significantly to Rs 2,200 per sq.ft in 2023, and most recently to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 9%. Notably, there are no recorded figures for the revisions in 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, placing Anna Street (V.L.Puram) above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to 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 fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street (V.L.Puram)?

The Sub Registrar Office that covers Anna Street (V.L.Puram) 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 details.

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

The guideline value plays a crucial role in the registration of property transactions in Oragadam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is officially recorded and taxed appropriately.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property registration. This ensures transparency and compliance with local regulations during the property transaction process.

Frequently asked questions

What is the current guideline value of Anna Street (V.L.Puram)?

The current guideline value of Anna Street (V.L.Puram) 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 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of Anna Street (V.L.Puram)?

Anna Street (V.L.Puram) is classified as Residential Special Type - I, indicating its designation for residential purposes within the area.

What are the stamp duty rates for properties in Anna Street (V.L.Puram)?

The stamp duty rate for properties in Anna Street (V.L.Puram) is 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Sub Registrar Office for Anna Street (V.L.Puram)?

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