Guideline Value for Anna Street (Ward-10)

Anna Street (Ward-10) guideline value

The current guideline value of Anna Street (Ward-10) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Anna Street (Ward-10) has changed

Over the years, the guideline value of Anna Street (Ward-10) has seen several revisions. The 2012 revision recorded a guideline value of Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, and the latest revision in 2024 has further raised it to Rs 1,600 per sq.ft, marking a 7% increase since the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 7%.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which aligns with the current value of Anna Street (Ward-10).

• Anna Street (Ward-23): Rs 1,600 per sq.ft (2024)
• Anna Street (Ward-29): Rs 1,600 per sq.ft (2024)
• Anna Street E-Block ( Ward No.23 ) (Thanikachalam Nagar): Rs 2,700 per sq.ft (2024)
• Annapoorna Nagar Extension: Rs 1,600 per sq.ft (2024)
• Annapoorani Nagar, Ponniammanmedu (Ward-23): Rs 1,600 per sq.ft (2024)
• Annapoorani Nagar Annexe / extension: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street (Ward-10)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Anna Street (Ward-10)?

The Sub Registrar Office that covers Anna Street (Ward-10) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Madhavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures that both buyers and sellers are aware of the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Anna Street (Ward-10)?

The current guideline value of Anna Street (Ward-10) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the stamp duty rate for properties in Madhavaram?

The stamp duty rate for properties in Madhavaram is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the median guideline value for streets in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft, which is the same as the current guideline value for Anna Street (Ward-10).