Guideline Value for Anna Street (ward 5)

Anna Street (ward 5) guideline value

The current guideline value of Anna Street (ward 5) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Anna Street (ward 5) has changed

The guideline value for Anna Street (ward 5) has undergone several revisions. In the 2017 revision, the value was set at Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a change of 49%. The latest revision in 2024 sees the value rise to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year. The overall change from 2017 to 2024 is an increase of 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Anna Street (ward 5) above this median.

• Anna Street (ward 9): Rs 2,750 per sq.ft (2024)
• Annai Therasa Street: Rs 2,200 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Akash Nagar: Rs 1,980 per sq.ft (2024)
• Balaji Nagar Extn: Rs 2,200 per sq.ft (2024)
• Agraharam Road: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street (ward 5)

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the 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, totaling Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Street (ward 5)?

The Sub Registrar Office that covers Anna Street (ward 5) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Kerugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is essential for calculating the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Anna Street (ward 5)?

The current guideline value of Anna Street (ward 5) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, and now to Rs 2,750 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Anna Street (ward 5)?

Anna Street (ward 5) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates applicable in Anna Street (ward 5)?

The stamp duty rate for property transactions in Anna Street (ward 5) is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.