Guideline Value for Anna Street (ward 3)

Anna Street (ward 3) guideline value

The current guideline value of Anna Street (ward 3) in Kolapakkam village is Rs 2,750 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Anna Street (ward 3) has changed

In the 2017 revision, the guideline value was set at Rs 1,675 per sq.ft. This figure increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw the guideline value rise to Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for Anna Street (ward 3) for the years 2002, 2003, 2007, and 2012.

Guideline values in Kolapakkam

Kolapakkam has 111 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Anna Street (ward 3) above this median.

• Anna Street (ward 7): Rs 2,750 per sq.ft (2024)
• Anna Street (ward 8): Rs 2,750 per sq.ft (2024)
• Anna Street (ward 9): Rs 2,750 per sq.ft (2024)
• Anusha Nagar: Rs 1,650 per sq.ft (2024)
• Anna Main Road (ward 9): Rs 2,750 per sq.ft (2024)
• Anna Main Road (ward 7): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street (ward 3)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 3)?

The Sub Registrar Office that covers Anna Street (ward 3) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kolapakkam. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps to establish a baseline for negotiations. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Anna Street (ward 3)?

The current guideline value of Anna Street (ward 3) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for properties in Anna Street (ward 3)?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Anna Street (ward 3)?

The Pammal Sub Registrar Office covers Anna Street (ward 3), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Where can I find more information on guideline values in Kolapakkam?

More information on guideline values in Kolapakkam can be found through the official registration department's guideline value register.