Guideline Value for Anna Street (Ward-23)

Anna Street (Ward-23) guideline value

The current guideline value of Anna Street (Ward-23) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Anna Street (Ward-23) has changed

The guideline value for Anna Street (Ward-23) has seen significant changes over the years. The 2024 revision sets the value at Rs 1,600 per sq.ft, an increase from Rs 1,500 per sq.ft in the 2023 revision, marking a change of +7%. The value has risen substantially from Rs 1,005 per sq.ft in 2017, which represents a +49% increase from that year to 2023. Overall, from 2017 to 2024, the guideline value has increased by +59%.

It is important to note that the register has no figures for Anna Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value 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 is equal to the 2024 figure for Anna Street (Ward-23).

• Anna Street (Ward-10): 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-23)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, leading to a total cost of Rs 1,44,000. Please note that the 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 (Ward-23)?

The Sub Registrar Office that covers Anna Street (Ward-23) 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 is a crucial factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When registering a property, the guideline value will either be used or the sale price, depending on which is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Street (Ward-23)?

The current guideline value of Anna Street (Ward-23) 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 increased from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024, representing an overall increase of +59%.

What is the registration office for Anna Street (Ward-23)?

The registration office covering Anna Street (Ward-23) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, on a 1,000 sq.ft plot, the total cost would be Rs 1,44,000.

What land classification is Anna Street (Ward-23)?

Anna Street (Ward-23) is classified as Residential Class II Type - I, which affects its guideline value and other regulatory aspects.