Guideline Value for Anna Street Extn

Anna Street Extn guideline value

The current guideline value of Anna Street Extn is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Anna Street Extn has changed

The guideline value for Anna Street Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has set it at Rs 1,600 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The transition from 2023 to 2024 reflects a 7% increase. Overall, comparing the 2012 revision to the 2024 revision, there has been a modest increase of 7%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that Anna Street Extn's 2024 figure is below this median.

• Anna Street: Rs 1,600 per sq.ft (2024)
• Arunagirinathar Street: Rs 1,600 per sq.ft (2024)
• Ayya Nagar: Rs 2,700 per sq.ft (2024)
• Ayya Nagar Adhisankarar Street: Rs 2,700 per sq.ft (2024)
• Ayya Nagar Amman Street: Rs 2,700 per sq.ft (2024)
• Ayya Nagar SaiBaba Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street Extn

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

Which Sub Registrar Office covers Anna Street Extn?

The Sub Registrar Office that covers Anna Street Extn is 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 information.

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

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

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Anna Street Extn?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Anna Street Extn?

The stamp duty for properties in Anna Street Extn is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,00,000, the total fees would amount to Rs 1,44,000.

Which Sub Registrar Office handles registrations for Anna Street Extn?

The Selaiyur Sub Registrar Office handles registrations for Anna Street Extn, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the median guideline value for streets in Chembakkam?

The median guideline value for streets in Chembakkam is Rs 2,200 per sq.ft, which is higher than the current value of Anna Street Extn.