Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Thiruvancheri village, under the Pallavaram SRO, is Rs 2,530 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Anna Street has changed

The guideline value of Anna Street has seen significant changes over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased dramatically to Rs 1,800 per sq.ft in 2012, marking an increase of 800%. However, this value dropped to Rs 1,206 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision set the value at Rs 2,300 per sq.ft, representing a substantial increase of 91% from the previous figure. The current 2024 revision shows a further increase to Rs 2,530 per sq.ft, which is a rise of 10% from 2023.

It is important to note that there are no figures available for Anna Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1,165%.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value, which ranges from Rs 1,100 to Rs 5,000 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Anna Street's 2024 figure above this median.

• Annai Indira Street: Rs 1,980 per sq.ft (2024)
• Ambedkar Street: Rs 1,100 per sq.ft (2024)
• Babu Jaga Jeevaram Street: Rs 1,980 per sq.ft (2024)
• Bajani Kovil Street: Rs 1,980 per sq.ft (2024)
• Agaram Main Road: Rs 2,200 per sq.ft (2024)
• Abdul Kalab Street: Rs 1,980 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 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. 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 information.

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 additional details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Thiruvancheri. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the fees reflect the property's value.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 200 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, which is an overall increase of 1,165%.

What are the other streets in Thiruvancheri with their guideline values?

Other streets in Thiruvancheri include Annai Indira Street at Rs 1,980 per sq.ft, Ambedkar Street at Rs 1,100 per sq.ft, and Agaram Main Road at Rs 2,200 per sq.ft, among others.

Where is the Pallavaram Sub Registrar Office located?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 at 7%.