Guideline Value for Anna Street (ward 9)

Anna Street (ward 9) guideline value

The current guideline value of Anna Street (ward 9) 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 9) has changed

The guideline value for Anna Street (ward 9) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is an increase of 10% from Rs 2,500 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 1,675 per sq.ft, marking a significant increase of 49% to the 2023 figure. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This consistent rise reflects changes in the valuation of properties in the area over the years.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, positioning Anna Street (ward 9) above this median.

• Anna Street (ward 5): 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 9)

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, while the registration fee at 2% would be Rs 55,000. Together, these would total 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street (ward 9)?

The Sub Registrar Office that covers Anna Street (ward 9) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kerugambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized property valuation.

When buying or selling property, the guideline value helps both buyers and sellers understand the minimum value at which a property can be registered. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Anna Street (ward 9)?

The current guideline value of Anna Street (ward 9) 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 increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification for Anna Street (ward 9)?

Anna Street (ward 9) is classified as Residential Class I Type - I, indicating its suitability for residential development.

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.

How is stamp duty calculated for properties in Anna Street (ward 9)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,92,500.