Guideline Value for Anna Street

Anna Street guideline value

The current guideline value of Anna Street in Pammal village, under the Pammal SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - II land classification.

How the guideline value of Anna Street has changed

The guideline value for Anna Street has seen significant changes over the years. In 2002, the value was Rs 197 per sq.ft, which increased to Rs 223 per sq.ft in 2003, marking a change of +13%. The value continued to rise, reaching Rs 360 per sq.ft in 2007, a substantial increase of +61%. By 2017, the value had jumped to Rs 1,072 per sq.ft, representing a remarkable +198% increase from 2007. There is no figure for this street in the 2012 revision. In 2023, the guideline value was Rs 1,600 per sq.ft, and the latest revision in 2024 shows a current value of Rs 1,760 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by +793%. This consistent rise in the guideline value indicates the evolving nature of property valuation in the area.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing the 2024 guideline value of Anna Street below this median.

• Anna Salai, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Anna Salai, Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• Anna Salai: Rs 1,980 per sq.ft (2024)
• Anna Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Anna Nagar, 9th Street: Rs 2,750 per sq.ft (2024)
• Anna Nagar, 8th Street: Rs 2,750 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 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees together to Rs 1,58,400. 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 accurate calculations based on your property transaction.

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 more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two will be used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are fairly assessed according to the established guidelines.

Frequently asked questions

What is the current guideline value of Anna Street?

The current guideline value of Anna Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 197 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, marking an overall increase of +793% over the years.

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 17,60,000. The stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

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 for Anna Street?

Anna Street is classified under Residential Class III Type - II, which indicates its designated use for residential purposes.