Guideline Value for Anna Street (ward 8)

Anna Street (ward 8) guideline value

The current guideline value of Anna Street (ward 8) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kolapakkam village under the Pammal Sub Registrar Office (SRO), classified as Residential Class I Type - I.

How the guideline value of Anna Street (ward 8) has changed

The guideline value for Anna Street (ward 8) has undergone several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. This was followed by a significant increase in the 2023 revision to Rs 2,500 per sq.ft, marking a 49% rise. The most recent 2024 revision has further increased the value 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%. It is important to note that there are no figures available for Anna Street (ward 8) in the revisions from the years 2002, 2003, 2007, and 2012.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that have 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 8) above this median at Rs 2,750 per sq.ft.

• Anna Street (ward 7): Rs 2,750 per sq.ft (2024)
• Anna Street (ward 9): Rs 2,750 per sq.ft (2024)
• Anna Street (ward 3): 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 8)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total fees together Rs 2,47,500. It is important to note that the 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 accurate fee calculations.

Which Sub Registrar Office covers Anna Street (ward 8)?

The Sub Registrar Office that covers Anna Street (ward 8) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transfer.

Frequently asked questions

What is the current guideline value of Anna Street (ward 8)?

The current guideline value of Anna Street (ward 8) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft, which is an overall increase of 64% over the years.

What is the stamp duty rate for property transactions in Anna Street (ward 8)?

The stamp duty rate for property transactions in Anna Street (ward 8) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

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

What are the guideline values for other streets in Kolapakkam?

Other streets in Kolapakkam have varying guideline values, with rates ranging from Rs 1,650 to Rs 6,850 per sq.ft. Anna Street (ward 8) is currently valued at Rs 2,750 per sq.ft, which is above the median of Rs 2,200 per sq.ft for the area.