Guideline Value for Anna Street 3st Cross St

Anna Street 3st Cross St guideline value

The current guideline value of Anna Street 3st 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, with a land classification of Residential Class I Type - III.

How the guideline value of Anna Street 3st Cross St has changed

The guideline value for Anna Street 3st Cross St has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, the value saw a significant increase to Rs 1,200 per sq.ft in the 2023 revision, followed by another increase to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%, reaching Rs 1,200 per sq.ft. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

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 is Rs 1,650 per sq.ft, making the guideline value of Anna Street 3st Cross St below this median.

• Anna Street 2st Cross St: Rs 1,320 per sq.ft (2024)
• Anna Street 1st 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 3st Cross St

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value would be Rs 13,20,000. The stamp duty at 7% would be 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 the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Anna Street 3st Cross St?

The Anna Street 3st Cross St falls under 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 critical factor during the registration of property transactions in Peerklankaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable stamp duty and registration fees. This ensures that property transactions are conducted transparently and in accordance with legal requirements.

Frequently asked questions

What is the current guideline value of Anna Street 3st Cross St?

The current guideline value of Anna Street 3st 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 median guideline value in Peerklankaranai?

The median guideline value in Peerklankaranai is Rs 1,650 per sq.ft, while Anna Street 3st Cross St's value is below this median.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Anna Street 3st Cross St is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Anna Street 3st Cross St?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Anna Street 3st Cross St, located at No.26, Mes Road, East Tambaram, Chennai-600059.