Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Porunthavakkam village is Rs 2,420 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - III.

How the guideline value of Anna Street has changed

Over the years, the guideline value of Anna Street has seen several revisions. The earliest recorded value in the register is from 2003, which was Rs 366 per sq.ft. This increased to Rs 500 per sq.ft in 2007, followed by a significant rise to Rs 2,200 per sq.ft in 2012. However, the value decreased to Rs 1,474 per sq.ft in 2017. The 2023 revision set the value at Rs 2,200 per sq.ft, and the latest revision in 2024 increased it to Rs 2,420 per sq.ft.

The changes between these revisions are noteworthy. From 2003 to 2007, the value increased by 37%. There was a substantial jump of 340% from 2007 to 2012, but the value then dropped by 33% from 2012 to 2017. Following this, the value rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 561%.

Guideline values in Porunthavakkam

In Porunthavakkam, there are 23 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,760 to Rs 4,950 per sq.ft. The median value is Rs 2,420 per sq.ft, which is the same as the guideline value for Anna Street.

• Almelumangapuram Street: Rs 1,760 per sq.ft (2024)
• Balaiah Road: Rs 2,420 per sq.ft (2024)
• Adhisankarar Street: Rs 2,310 per sq.ft (2024)
• Bhuvaneswari Street: Rs 2,750 per sq.ft (2024)
• Gopal Street: Rs 3,300 per sq.ft (2024)
• Iyapa Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value is Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, totaling Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Street?

The Sub Registrar Office that covers Anna Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Porunthavakkam. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the legal requirements. This helps in avoiding any discrepancies during the registration process and ensures that all fees are accurately calculated.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 366 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 561% over this period.

What is the land classification for Anna Street?

Anna Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where is the Sub Registrar Office for Anna Street located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 2,17,800 in fees.