Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Meenambakkam village is Rs 3,300 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

The guideline value for Anna Street has undergone several revisions over the years. Starting from Rs 275 per sq.ft in 2002, it saw a slight increase to Rs 321 per sq.ft in 2003. The next significant jump occurred in 2007, when the value rose to Rs 340 per sq.ft. Following this, the value experienced a dramatic increase to Rs 2,010 per sq.ft in 2017, marking a 491% rise from the 2007 figure. The 2023 revision set the guideline value at Rs 3,000 per sq.ft, which was a 49% increase from the 2017 revision.

The most recent revision in 2024 has brought the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year. Notably, there is no figure available for Anna Street in the 2012 revision.

Guideline values in Meenambakkam

In Meenambakkam, there are 17 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,650 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, placing Anna Street's 2024 value below this median.

• Bharathi Street: Rs 3,850 per sq.ft (2024)
• Dr. Ambedkar 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Dr. Ambedkar 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Dr. Ambedkar 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Dr. Ambedkar Street: Rs 1,650 per sq.ft (2024)
• E.V.R. Street: Rs 4,400 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, these fees total Rs 2,97,000. 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 Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Meenambakkam. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. This ensures that the government receives appropriate revenue from property transactions.

When a buyer purchases property, the guideline value helps in determining the minimum price at which the property can be registered. It is essential for both buyers and sellers to be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 275 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1100% over this period.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty is Rs 2,31,000 and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Anna Street?

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

What is the land classification of Anna Street?

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