Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Kavulbazaar village is Rs 825 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Anna Street has changed

In the 2017 revision, the guideline value was Rs 502 per sq.ft. This increased significantly to Rs 750 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 set the guideline value at Rs 825 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register does not have figures for Anna Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Kavulbazaar

Kavulbazaar village has a total of 44 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 825 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, which is equal to the 2024 figure for Anna Street.

• Arcot Salai: Rs 1,100 per sq.ft (2024)
• Anna Highway(5): Rs 1,100 per sq.ft (2024)
• Anna Highway(4): Rs 1,100 per sq.ft (2024)
• Anna Highway (3): Rs 1,100 per sq.ft (2024)
• Anna Highway(2): Rs 1,100 per sq.ft (2024)
• Bajanai Koil Street (4): Rs 825 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 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. Please note that 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 Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kavulbazaar. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction complies with legal requirements.

When a property is registered, the guideline value is considered the minimum price for the transaction. This means that if the sale price is lower than the guideline value, the higher amount will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024, which is an overall increase of 64%.

What is the stamp duty rate for properties in Anna Street?

The stamp duty rate for properties in Anna Street is 7% of the guideline value or sale price, whichever is higher.

Where can I calculate my stamp duty and registration fees?

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for Anna Street?

The Pammal Sub Registrar Office handles registrations for Anna Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.