Guideline Value for Anna Street (venkatapuram)

Anna Street (venkatapuram) guideline value

The current guideline value of Anna Street (venkatapuram) is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO and is classified as Residential Special Type - II.

How the guideline value of Anna Street (venkatapuram) has changed

Over the years, the guideline value for Anna Street (venkatapuram) has seen several revisions. The 2012 revision set the value at Rs 3,700 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a significant drop to Rs 2,479 per sq.ft. In the subsequent revisions, the guideline value increased to Rs 3,700 per sq.ft in 2023, and then to Rs 4,000 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. It is noteworthy that there are no figures available for Anna Street (venkatapuram) in the revisions of 2002, 2003, and 2007.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that have a guideline value for 2024, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, placing Anna Street (venkatapuram) above this median with its current value of Rs 4,000 per sq.ft.

• Annastreet (Thiruvalluar Nagar 16th Ward): Rs 1,400 per sq.ft (2024)
• Annastreet (Ramapuram): Rs 3,600 per sq.ft (2024)
• Annibesant Street: Rs 2,500 per sq.ft (2024)
• A.P. kannaia Street: Rs 3,600 per sq.ft (2024)
• Arasammal street (Nainee Ammal Lane): Rs 4,600 per sq.ft (2024)
• Annaitherasa Street: Rs 1,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 4,000 per sq.ft, the guideline value totals Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street (venkatapuram)?

The Sub Registrar Office covering Anna Street (venkatapuram) 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 information.

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

The guideline value is a crucial factor in the registration of property transactions in Ambattur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of Anna Street (venkatapuram) is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then increased to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024.

What is the land classification for Anna Street (venkatapuram)?

Anna Street (venkatapuram) is classified as Residential Special Type - II.

What is the median guideline value in Ambattur?

The median guideline value in Ambattur for 2024 is Rs 3,600 per sq.ft, with Anna Street (venkatapuram) being above this median at Rs 4,000 per sq.ft.

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

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