Guideline Value for Anna Street Extension

Anna Street Extension guideline value

The current guideline value of Anna Street Extension in Madambakkam village is Rs 1,600 per sq.ft, effective from 1 July 2024. This property falls under the Selaiyur SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna Street Extension has changed

The guideline value for Anna Street Extension has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, an increase of 59% from the Rs 1,005 per sq.ft recorded in the 2017 revision. Prior to that, the 2012 revision listed the value at Rs 1,500 per sq.ft, marking a decrease of 33% from the 2017 figure. Notably, the register has no figure for this street in the revisions of 2023, 2007, 2003, and 2002.

Overall, from 2012 to 2024, the guideline value has increased by 7%. These changes reflect the fluctuations in property values over the years, providing a historical context for the current valuation.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Anna Street Extension is below this median.

• Anna Street: Rs 1,600 per sq.ft (2024)
• Anna Nagar Main Road: Rs 1,600 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• Anna Nagar 2nd Street: Rs 1,600 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 1,600 per sq.ft (2024)
• Aravind Nagar Kumaraswamy Nagar Joint Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Street Extension?

The Anna Street Extension is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process for property transactions in Madambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Anna Street Extension?

The current guideline value of Anna Street Extension is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024. The value decreased to Rs 1,005 per sq.ft in 2017 before increasing again to the current rate.

What is the land classification for Anna Street Extension?

Anna Street Extension is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Anna Street Extension?

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 16,00,000 would incur a stamp duty of Rs 1,12,000 at 7%.