Guideline Value for Anna Street 2st Cross St

Anna Street 2st Cross St guideline value

The current guideline value of Anna Street 2st Cross St is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Anna Street 2st Cross St has changed

Over the years, the guideline value for Anna Street 2st Cross St has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision, representing a -33% change. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,320 per sq.ft, marking a +10% change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, there has been a +10% change in the guideline value.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, making the guideline value of Anna Street 2st Cross St below the median.

• Anna Street 1st Cross St: Rs 1,320 per sq.ft (2024)
• Anna Street 3st Cross St: Rs 1,320 per sq.ft (2024)
• Anna Street: Rs 1,320 per sq.ft (2024)
• Archana Nagar: Rs 1,100 per sq.ft (2024)
• Archana Nagar 2nd Cross ST: Rs 1,100 per sq.ft (2024)
• Archana Nagar Extn: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street 2st Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Street 2st Cross St?

The Sub Registrar Office that covers Anna Street 2st Cross St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value is a crucial factor during property transactions in Peerklankaranai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate applicable fees, such as stamp duty and registration fees. This ensures that the transaction is recorded accurately and reflects the legal value of the property being transferred.

Frequently asked questions

What is the current guideline value of Anna Street 2st Cross St?

The current guideline value of Anna Street 2st Cross St is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Anna Street 2st Cross St?

Anna Street 2st Cross St is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Anna Street 2st Cross St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at a rate of 7%.